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Twitter has gone public.
In what is perhaps the most highly anticipated initial public offering (IPO) of 2013, the microblogging and social networking service is now a publicly traded company. The price per share ended up in the mid-$40 range. (As a comparison, Facebook began trading at $38 a share back in May 2012.) Twitter co-founder Evan Williams is expected to make about $1 billion, and, if the stock price doubles, fellow founder Jack Dorsey will join him in the billionaire seating area.
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Like many single stocks, people make a big deal about this IPO. Like all single stocks, it’s still best to stay away from it as an investment vehicle—no matter how hot the opportunity may seem. If things go south, your money will go with it.
The number of IPOs out there is nearly endless. Just remember that your money definitely isn’t.