The Presidential Daily Brief

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  1. Twitter IPO Success Might Not Be Worth Tweeting About

    All eyes were on the stock market this week, waiting for Twitter’s highly anticipated initial public offering. The opening price, originally set at $26, opened at $45.10 (73 percent higher) and soared upwards to 92 percent in early trading. And while this sounds like success for the social media company, skeptics abound. Stalling growth in Asia could spell #trouble for Twitter. And by Silicon Valley standards, Twitter, with a current value of $31.5 billion, is a little bird in a big nest (Facebook is valued at around $120 billion). But unlike Facebook’s, Twitter’s IPO is less likely to see the same roller-coaster trading chaos — and it’s all down to timing.

    Sources: Reuters, Forbes, Wired, Toronto Star

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