In this week's must-see rundown, we offer up an in-depth look at all of the new features in Google's latest mobile OS, Android KitKat. If you're one of the lucky users to already have it, you'll also want to check out our very handy tips for extending your phone's battery on KitKat.
Twitter officially went public earlier this week. In our latest Inside Scoop, CNET's Kara Tsuboi and senior writer Daniel Terdiman discuss the social media giant's initial public offering, what they learned from Facebook, and how they plan to turn a profit. … Read more
Twitter shares are bouncing up and down following a successful IPO day.
The company's shares opened Friday at $45.98 and surged to more than $46 in early trading on Friday before falling to the $44 mark. Early on in pre-market trading, Twitter's shares were down, but quickly came back to even and then jumped to higher levels.
Twitter went public on Thursday with its IPO price set at $26 a share. The company's shares opened just before 8 a.m. PT on Thursday at $45.10 and held strong throughout the day. Twitter hit a high of $50.09 on Thursday before closing the day at $44.90.… Read more
If you type Pets.com into your browser today, you get redirected to a site for the retailer Pet Smart. But, 15 years ago, you would've been visiting one of the most popular Web sites to hit the Internet.
Pets.com is a case example of the classic dot bomb story. In its two short years, it went from tiny startup in August 1998 to a publicly traded company in February 2000 to collapsed in November 2000.
Twitter's long-awaited IPO went off without a hitch today, soaring above the official price the company set last night, finishing at $44.94 and giving the company a market capitalization of $24.48 billion.
Executives at Facebook can only look at Twitter's first day on Wall Street with envy. While Mark Zuckerberg's company is now flying high, its May 2012 IPO has become a cautionary tale in Silicon Valley for how not to go public. And clearly, Twitter studied the playbook and avoided making the mistakes that caused such a public relations nightmare for Zuck and Co. … Read more
Wall Street handed Twitter a $25 billion valuation on its first day of trading today. Now, let's talk about the encore.
Twitter made its public market debut at $45.10 for an instantaneous 75 percent jump in market value over where it priced its shares on Wednesday evening. The sharp run-up in share price was yet the latest example of Wall Street being willing to give Twitter's nascent advertising business the benefit of the doubt. After all, Twitter remains a company that's still not generating profits.
That the 7-year-old social network lost $133 million during the first … Read more
The stories are legendary. Startups with no real business model and few prospects of building real companies went public in the late 1990s. Investors obliged, generating millions of dollars for corporate insiders, and before long, Silicon Valley had no shortage of firms bulging with cash and armed with little more than a pipe dream.
Then it all came a cropper. Interest rates rose, profitless companies burned through their cash piles and a nasty bear market set in. Stronger Internet companies like Amazon and eBay survived. Most of the flimsy concept endeavors like Pets.com and Boo.com flamed out, becoming … Read more
Twitter has finally gone public, and as expected, its shares have surged in early trading.
Twitter had priced its shares at $26 on Wednesday under the ticker symbol TWTR, but at the start of trading Thursday morning shares quickly rose 73 percent to $45.10. An initial pop is commonplace for a major IPO as investors jump at the chance to own its shares. More volatility is expected throughout the day.
As of this writing, Twitter's shares have topped out at $47.24 before settling to the $46 range.
Twitter's IPO went off without all of the glitches … Read more
As 7-year-old Twitter goes public with an offering on the New York Stock Exchange, some of the big day's most singular moments will -- most appropriately -- be recorded for posterity on Twitter itself.
The company's founders, though present on the trading room floor Thursday morning, left the actual bell-ringing moment to some of its most inspiring users: actor Patrick Stewart, 9-year-old entrepreneur Vivienne Harr, and Cheryl Fiandaca of the … Read more
It wasn't Facebook's fault, but the IPO also was affected by trading glitches which delayed the start of trading by 30 minutes. The $38 IPO price wouldn't be … Read more