Twitter has increased its share price target.

I use Twitter everyday to read the news from different groups of people. Twitter would be the biggest tech company to go public since Facebook. According to its IPO documents, Twitter now has 218 million monthly users and 500 million tweets are sent a day. It is a huge number, and it has not yet turn to a profit. It is a so wried situation. Twitter made a loss of $69 million in the first six months of 2013, on revenues of $254 million. Now the Twitter company says they will sell for between $23-25 a share Today, from a previous target of $17-20.  Unlike Twitter, Facebook increased the number of shares it was releasing to take advantage of the hot demand at the time, a move some analysts say oversupplied the market.

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However, the demand for the Twitter shares has been so heavy, and the company is ending the offer a day early. Some experts analysed the data and predicted Twitter may not get profits till year 2015. I think Twitter should simplify its way of application to be a member seeding tweets. Also, improving its convince to surf the internet. The CEO of PrivCo, Sam Hamadeh said raising the share price of Twitter was a action to avoid the previous mistakes.

Reference: http://www.bbc.co.uk/news/business-24851054

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