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Ring! Twitter Goes Public

This morning, after much hype leading up to the big day, social media’s rising star, Twitter, went public. Trading under the symbol #TWTR, the initial public offering was $26 per share, with indications of a sharp rise upon initial trading. The company hopes to have better luck than Facebook did with their IPO, as they (Facebook) suffered through trading glitches and price drops that weren’t recovered until nearly a year later.

Here’s how the news broke this morning. Leading up to the IPO we’ve already seen some relatively significant changes to the Twitter application to try to make it palatable to a wider audience. As the company now answers to hungry stockholders, we’ll be keeping a close eye on Twitter to see how things continue to change.

by Jeff Howland

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