How much is 140 characters worth? A cool $31 billion
Graphic by Elizabeth Shell/PBS NewsHour
Twitter’s first day out in public wasn’t too shabby.
In the course of Thursday trading, the company saw its share price vault between $26 to more than $50. When the dust settled, each share was trading for $44.90, meaning the little internet startup that could of seven years ago is worth more than $31 billion today. That puts it in second place for the internet company’s first day: Facebook holds the record and Google is No. 3.
As the Facebook IPO story shows, that could all change tomorrow. But for now, the company finally has a hard market value.
What does this mean for tweeters?
You’re worth $135, each and every 230 million of you. With 87 characters to spare.