Wednesday, December 11, 2013

Twitter’s stocks go up


Its happy time for Twitter. After a successful IPO, the newly public company did see a dip in the stock market in last week of November 2013. But the company is back with a bang. The stocks of the social networking site are at an all time high. On December 10, the stock price of Twitter reached $51 a share a gain of more than 6%. The company also gained 9% a day earlier on December 9, its biggest single-day gain since its IPO on November 7.


With the current updation and addition of new and innovative features, Twitter is making some serious changes (good of course) to both its mobile and web version for a better user experience.Now, with the concept of ‘tailored audiences’, the company is expected to generate some serious revenue through advertising.


Twitter debuted at $45.10 on November 7, 2013 and briefly topped $50 that day. The stock declined to as low as $38.80 on November 25, as some analysts argued that the stock was highly overvalued. With the new feature rolled out this week, the tables are turning again as the company has gained about 33% in past 15 days.


It seems that Twitter is learning from its experience in stock market and is doing everything to keep the ‘ticker’ healthy.






via SocialAppsHQ Blog http://www.socialappshq.com/blog/2013/12/11/twitters-stocks-go-up/

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