November 7, 2013
Twitter is now a publicly traded company. Shares for the social network began trading today, Nov. 7, on the New York Stock Exchange (NYSE) under the symbol TWTR. Shares in Twitter begin trading at $26, which values the company at $18.34 billion. As USA Today notes, that is more than Macy’s, which has a market capitalization of $17 billion, and Bed Bath & Beyond, which is around $16 billion. As a comparison, Facebook currently has a market capitalization of $119.63 billion while Apple’s stands at $469.16 billion. According to USA Today, Twitter co-founder Evan Williams is likely to be the biggest winner after today’s launch. Williams, who founded Twitter with Square CEO Jack Dorsey, should “rake (in) about $1 billion.” On March 21, 2006, Dorsey posted the world’s first tweet: “Just setting up my twttr.”
just setting up my twttr — Jack Dorsey (@jack) March 21, 2006Do you plan on buying a part of Twitter today or in the future? See also: The Yahoo Finance App Now Has A New Design, Push Notifications And More, Twitter Update Brings Preview Of Photos And Vine Videos Directly Into A Timeline, and Tapbots Explains The Already Popular Tweetbot 3 And Offers News About Upcoming Updates.