Twitter began its stock market trading this morning.
Last night, stock prices were projected to open at $26 per share but with all of the demand shown by the public, the shares opened at an astonishing $45.10 per share. Huge opening numbers for the social media company on the NYSE.
By the end of the trading day, Twitter closed at $44.90, and since then has dropped to $44.25. But I wouldn't be scared by the small drop.
Twitter wants to end its run of 7 straight years without running at a profit. But don't expect an immediate change from the company. Part of Twitters plan at the moment is to invest for the long term and that includes making the platform better for the public, its ads and future growth.
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