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Valley Public Radio Staff
Tue November 5, 2013
Twitter Looks To Its News Role In Upcoming IPO
Originally published on Thu December 4, 2014 12:26 pm
Expectations are high this week as Twitter gets ready to go public.
The company raised its initial public offering price yesterday to $25 a share, up from $23. That would put the company’s value at around$13.6 billion — almost 12 times the value of its projected 2014 sales.
Twitter has 230 million users and not all of them are following Lady Gaga or Justin Bieber. A new Pew study shows 8 percent of Americans use Twitter to get news.