Twitter’s stock slid more than 7 percent on its second trading day Friday, after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
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As Twitter prepares to complete its initial public offering of stock this week, the San Francisco company’s history of losses totaling nearly $500 million is raising questions about its ability to turn a cultural phenomenon into a sustainable business.
Twitter’s IPO could now raise more than $2 billion.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
Twitter, a privately held company built on blurbs, has finally laid itself bare in documents that read more like a treatise than a tweet.
The personal fortune of Twitter co-founder Evan Williams probably will take up 10 characters once the online communications company goes public.
A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.
Adobe Systems Inc., the maker of Photoshop and Adobe Reader, said Tuesday that its fiscal third-quarter earnings tumbled 59 percent, but it added subscribers to its Creative Cloud service.
A mysterious glitch halted trading on the Nasdaq for three hours Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple and Google.