ANKARA - It is the most highly anticipated public offering since Facebook went public last year and is expected to earn the company around 1.8 billion dollars.
ANKARA – It is the most highly anticipated public offering since Facebook went public last year and is expected to earn the company around 1.8 billion dollars.
Trading began on Thursday in the shares of social networking giant Twitter at the New York Stock Exchange.
It is estimated that Twitter will earn 1.8 billion dollars and its market price will reach 14.2 billion dollars after it floats its shares.
Although experts anticipate high incomes after Twitter goes public, they say the company will not make a profit till 2015. Twitter announced a loss of 62.6 million dollars in the fourth quarter of the year.
It is expected that Twitter would set a price of 26 dollars per share for its initial public offering.
Online social networking and microblogging service Twitter, founded in San Francisco in 2006, has more than 200 million users.