Twitter plans to raise $1bn in IPO

 

In documents made public for the first time, social networking company Twitter has said it plans to raise $1bn as part of its stock market debut.

Twitter in stock market confusion as investors mistake it for bankrupt company

 

 

Twitter in stock market confusion as investors mistake it for bankrupt company

 

Twitter's plans to list on the stock market under the name TWTR caused confusion among investors on Friday (October 4), as a bankrupt company soared by over 1,800%.

 

The social network wants to raise $1bn (£619m) in its stock market debut, under the symbol TWTR. However, Boston-based electronics retailer Tweeter Home Entertainment - whose stock name is TWTRQ - received heavy backing after investors mistook it for Twitter.

 

Twitter isn't expected to go public until November, but that didn't stop backers from getting confused and investing in the wrong stock, which was halted at 12.42pm ET.

 

TWTRQ's annual low this year was $0.0004, but its current price is at $0.105.

 

Twitter, meanwhile, is thought to be leaning towards a listing on the New York Stock Exchange.

 

http://www.digitalspy.co.uk/tech/news/a521288/twitter-in-stock-market-confusion-as-investors-mistake-it-for-bankrupt-company.html?rss

Tech bubble 2.0. And soon to come mini-housing bubble 2.0 and the great bond/equity/government debt bubble. Grab your popcorn.

Has Twitter ever made a profit?

2/3 of the recent tech IPO's aren't turning a profit. Just like in the last tech bubble.

And the bubble will pop one day.

In the next few years. These things can't go on forever.