Editorial: Twitter-ed
by The Anniston Star Editorial Board
Nov 07, 2013 | 1604 views |  0 comments | 24 24 recommendations | email to a friend | print
Twitter CEO Dick Costolo, left, and Mike Gupta, chief financial officer of Twitter, wait for shares to begin trading during the IPO, on the floor of the New York Stock Exchange, Thursday, Nov. 7, 2013. If Twitter's bankers and executives were hoping for a surge on the day of the stock's public debut, they got it. The stock opened at $45.10 a share on its first day of trading, 73 percent above its initial offering price.  Photo: Richard Drew/The Associated Press
Twitter CEO Dick Costolo, left, and Mike Gupta, chief financial officer of Twitter, wait for shares to begin trading during the IPO, on the floor of the New York Stock Exchange, Thursday, Nov. 7, 2013. If Twitter's bankers and executives were hoping for a surge on the day of the stock's public debut, they got it. The stock opened at $45.10 a share on its first day of trading, 73 percent above its initial offering price. Photo: Richard Drew/The Associated Press
slideshow
One-hundred and forty characters at a time is a hard way for Twitter to make a splash. But it did that Thursday.

For the non-Tweeps among us, Twitter is the microblogging website that has revolutionized how people connect with each other and receive news online. If Facebook is the Cadillac of social media sites, Twitter is the Porsche — smaller, sleeker, faster.

The first day of sales of Twitter stock proved an overwhelming success for investors. The 7-year-old company is now worth $31 billion. Twitter stock closed Thursday at nearly $45 a share, 73 percent above its initial public offering price.

And those who tweet? Well, despite Thursday’s developments on Wall Street, there are not as many of us as you’d think. (Follow The Star: @annistonstar.) A recent Associated Press poll showed that only 1-in-5 Americans use Twitter, and of those with Twitter accounts, 29 percent never tweet. Twitter has 232 million users worldwide, while Facebook has 1.2 billion.

In other words, Twitter is a billion-dollar company whose major investors are filthy rich but whose real-world reach isn’t as wide as you’d think.
Comments must be made through Facebook
No personal attacks
No name-calling
No offensive language
Comments must stay on topic
No infringement of copyrighted material


Friends to Follow



Today's Events

event calendar

post a new event

Friday, April 18, 2014

Marketplace