Twitter shares debuted in the market on
Monday. The shares where put on the market at $26 each, through out the day the
price of the shares rose over 73% to $44.9 each. At the close of the day Twitter is now valued
at just over $31bn. This is a great boost for the company as they had suffered
losses early in the year of 2013.
Having said all of this the huge increase
in price of stock in just one day demonstrates the massive market of online
social media at the moment. The price rose just on the first day to a great
price for the company, but I think that really the stocks in the company are
just invaluable. They are set to make money now and for a long time coming.
With advertisers wanting to use the website at every opportunity., an easy way
to get across to millions and millions of people in one go.
The need for social media is at a high, and
really it is just invaluable.
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