An initial public offering (IPO) included 70 million shares with a starting price of $26. The first sale was completed at a cost of $45.10, an increase of as much as 73%. Twitter's biggest competitor among social networks, Facebook, last year experienced pretty bad IPO. The starting price was $38 per share, the sale started with a price of $42, but at the end of the day they went down almost to the initial price and amounted to $38.23.
The value of Twitter when they entered the stock market was estimated at $14.1 billion. Currently, the popular service is used by more than 232 million people, an increase of 39% compared to last year.
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