Twitter shares soar in frenzied NYSE debut

The recent launch of Twitter’s IPO have skyrocketed by 73% after a frenzied debut that drove the value of the company up to $25 billion. Closing the first day at $44.90 a share, shares were traded at about 22 times the forecasted sales of 2014, double the multiple of fellow social giants Facebook and LinkedIn. Shadowed for months after Facebook’s disastrous launch in 2012 which was plagued by trading glitches, Twitter’s launch seemed to go off without a hitch and interestingly, market research by analyst PrivCo have showed that Twitter’s IPO have created 1,600 new millionaires! Although far from turning a profit, with a projected loss of $70 million in its most recent quarter, Twitter’s widespread attraction of celebrities and presidents gives them a significant advantage over other social media giants, boasting a star-studded cast and spawning one of the most prominent symbols of this generation, the hashtag! However, like many who criticize the price of the IPO, I too believe that Twitter potentially left billions of dollars on the table. Being overly cautious and not wanting to end up with a disaster like Facebook, I believe Twitter could have priced the shares higher than their IPO.