Twitter's Hitting the Stock Market, Other Companies Following
Written by Phyllis Smith
Last updated on September 14, 2013 @ 6:39PM
Created on September 14, 2013 @ 3:40PM
With a tweet, Twitter just recently announced its making their stock market debut this year.
The company is one of over 100 companies that are trading for the first time. Others include Burlington Holdings, which operates Burlington Coat Factory, RE/MAX Holdings, and Chegg, an online textbook rental site.
This is the first time since 2007 that so many companies have gone public. The company has been trying to boost ad revenue and advertising products, and this may be one way to do it.
Upshur County resident Corey Nida said, "With Twitter offering its stock to the public, I think that definitely gives them an advantage. Twitter is up-and-coming and it could potentially be the next Facebook in many aspects. With it increasing, people will get stocks anytime soon and probably they will start to see a benefit for awhile."
Some estimates put Twitter's worth anywhere between nine to eleven billion dollars.
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