Under the blessing of Sir Patrick Stewart, the highly anticipated Twitter IPO joined the party on the New York Stock Exchange. After initially pricing itself at $26 a share, TWTR immediately popped to $45.10, which puts the company at a $25 billion valuation.
CNBC reports that more than 30 million shares changed hands in the first half hour of trading. Shares quickly hit $50, before settling below that.
AllThingsD is reporting that NBC News exec Vivian Schiller is switching her allegiance from one bird to another. She is a “lock” for Twitter’s head of news position and the deal is “all but done” for her to join the social network, writes the website.
If the deal is completed, sources told AllThingsD that Ms. Read More
Unpack the sirens and start firing up the hype machine, because Twitter just confirmed that yes, the company is planning to go public, and today the mad dash for the stock exchange begins.
Quick, everyone place your bets on how long it’ll take before we see Jim Cramer take a break from yammering about Snapchat to ham-fistedly explain Weird Twitter. Better buy your hand-sewn designer blue jeans now, before @jack makes bank and buys ‘em all.
The company announced the news in the form of a cheeky tweet:
The Observer couldn’t resist. We already have Rachel Figueroa-Levin’s email, she of the brilliant El Bloombito Twitter feed. Since the mayor took the time out of his busy day to remark on her schtick, we thought we’d see what she had to say to him on the subject. Predictably, it was pretty funny.
A few thousand people on Twitter can’t be wrong: The best thing about Hurricane Irene was the appearance among them of @ElBloombito, a sardonic, Spanglish-speaking caricature of Mayor Michael Bloomberg and his earnest attempts at becoming fluent in Spanish. (This is actually a typical occurrence at pretty much every press conference, but how many people watch mayoral press conferences on a regular basis?)
The Observer reached out to Rachel Figueroa-Levin, the 25-year-old native New Yorker behind the Twitter feed—she put her main feed in El Bloombito’s bio, never expecting either would become viral smashes—to find out who she was where she got this crazy idea.
Update I: Mayor Bloomberg Responds to El Bloombito >>
Update II: Rachel Figueroa-Levin Responds to Mayor Bloomberg Responding to El Bloombito >>
Like most things on Twitter, it started out as a joke. In an email, she told us, “I live in Inwood with my husband and nine-and-a-half-month-old daughter. I’m a stay-at-home mom and soap maker. We are in the process of buying a co-op in Inwood. (We close early September!) Soap making started as a hobby and turned into a mini business.” What follows is an interview conducted this evening on GChat. (What, you thought we would do a phone interview with an Internet star?)
The teenager who was briefly the only person Kanye West followed on Twitter has given an interview to the Guardian after months of silence.
Steve Holmes was one of many fans West exchanged tweets with after joining Twitter over the summer. The decision to make the kid his only followee appeared to be Read More
The New York Post has an incredible story about restaurants keeping tabs on their guests–with the Internet.
Upscale eateries used to keep track of guest habits, dietary restrictions and tipping habits in a notebook, but now the waiters and maitre d’s take detailed notes using Open Table. They’ll remember your birthday. They’ll track Read More
It’s the holidays! Time to ditch work and share a little QT with your loved ones. And guess what sharing leads to? Oversharing.
While you may not be seeing as many tweets about needing morning coffee, your friends are probably posting copious photos of dogs in Santa hats as you read this.
Which is why Read More
Twitter has raised $200 million from a group of VC firms including New York’s Union Square Ventures, Kara Swisher is reporting:
Twitter has completed its latest round of funding-$200 million at a $3.7 billion valuation-with Kleiner Perkins as the lead investor, according to sources familiar with the situation.
Kleiner Perkin, the only Read More
Stephen Colbert beat out Justin Bieber, Lil Wayne, @alqaeda and @ShitMyDadSays for the most-retweeted tweet of the year:
In honor of oil-soaked birds, ‘tweets’ are now ‘gurgles.’ http://bit.ly/cIhZNf
The link goes to Comedy Central’s “Address the Mess” series.
Colbert’s tweet got over 44,000 retweets. Twitter co-founder Biz Stone presented Read More