"Twitter started trading on the NYSE at a price of $45.10 a share, which is 73% above the IPO price of $26 that was set by the company "
Huge success (its IPO valued Twitter $30b+). As a multiple of sales, it's more than Facebook. 1600 Twitter's employees will become millionaires and the government pockets $2b+ in taxes.
Some believe that the price is too high, but we at Scoop.it ran a survey [infographics] and found that, relative to its interest to Small and Medium Businesses, Twitter is cheaper than Facebook or LinkedIn! The sure thing is, this simple concept of 140 characters communication changed how we consume information and therefore, the world we live in.
Oh, the photo in this post is not Twitter nor Snapchat related. This is the famous Three Studies of Lucian Freud by Francis Bacon. This November, it sets a new world record price for an art work at an auction, at a mesmerizing $142m.