The Presidential Daily Brief

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  1. Twitter shares soar 92 percent in frenzied NYSE debut

    The Twitter roadshow worked. The initial public offering price, set on Wednesday at $26, opened at 73 percent above — and reached as high as 92 percent — in early trading, making it the “biggest in a series of huge opening day ‘pops’ for IPOs.” The IPO should raise as much as $2.1 billion for the social giant, which, despite its growing revenue stream, faces challenges in recruiting new users to what remains a somewhat confusing and proudly geeky social networking site. 

    Sources: ReutersNew York Times, USA Today

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