Subscribe free to our newsletters via your
. Solar Energy News .




INTERNET SPACE
Twitter marked by rapid rise since launch
by Staff Writers
San Francisco (AFP) Oct 03, 2013


As Twitter goes public, a look at other tech IPOs
San Francisco (AFP) Oct 03, 2013 - Twitter, which on Thursday disclosed its plans to go public, is the latest US technology company to test the waters on Wall Street.

Here is a look at the fortunes of some other notable tech companies which have conducted initial public offerings over the past two years:

FACEBOOK

The social network started by Mark Zuckerberg, which now has more than 1.1 billion users around the globe, had a rocky debut after it went public at $38 a share in May 2012 with a valuation of $16 billion.

Facebook shares fell below $20 over the past year and only climbed back over their offer price in July. Facebook shares closed at $49.18 on Thursday, boosted recently by reports that mobile advertising revenue is on the rise.

LINKEDIN

The social network for professionals and job-hunters, LinkedIn has been one of the biggest stars of the technology sector since turning to Wall Street in May 2011.

Shares of LinkedIn more than doubled from their offer price of $45 on the first day of trading. LinkedIn, launched in 2003, closed at $245.07 on Thursday.

GROUPON

Online daily deals sensation Groupon went public in November 2011, raising $700 million in what at the time was the biggest initial public offering by an Internet company since Google.

But the Chicago-based company, which was listed on the Nasdaq at $20, has struggled since then and its share price closed at $11.30 on Thursday. Founder Andrew Mason was fired as chief executive of the company in February amid sluggish growth.

YELP

Shares of restaurant and business review website Yelp have soared since the San Francisco-based company went public in March 2012 with a $15 initial public offering price.

Yelp shares closed at $71.02 on the New York Stock Exchange on Thursday. Yelp, founded in 2004, offers user-generated reviews of service businesses by city across the United States, Canada and western Europe.

PANDORA

Internet radio Pandora made its Wall Street debut in June 2011, raising $235 million with stock priced at $16 a share.

Pandora, which creates personalized radio stations for users based upon their favorite artists or songs, traded below its offer price until recently but closed at $26.44 on Thursday.

ZYNGA

Online gamemaker Zynga was valued at $7 billion when it made its play on the stock market in December 2011.

But the company behind Facebook games such as FarmVille and Mafia Wars has been on a losing streak since then. Zynga shares, which were offered at $10, closed at $3.67 on Thursday.

Twitter, which Thursday revealed its plans to go public, came to life on March 21, 2006 when co-founder Jack Dorsey's account (@jack) automatically sent out the first tweet, which read: "just setting up my twttr."

Dorsey followed it up with the first "human-generated" tweet: "inviting coworkers." More than 170 billion tweets have since gone out worldwide. Twitter said on Thursday that it had 218 million active users, as of June.

Some facts about a global phenomenon:

- Justin Bieber (@justinbieber) has the most followers with 45,366,914 as of 2200 GMT Thursday, followed by Katy Perry (@katyperry) with 44,122,303 and Lady Gaga (@ladygaga) with 40,229,059.

- US President Barack Obama (@barackobama) is fourth with 37,501,850 followers; the announcement of his re-election victory in November 2012 was re-tweeted more than 800,000 times.

- The average Twitter user has 208 followers and spends 170 minutes on the site every month.

- There are more than 200 million active Twitter users. Eighty percent of all users access Twitter on mobile devices.

- About 20 million Twitter accounts are believed to be fake.

- The hashtag (#) feature on Twitter which groups tweets by subject debuted in August 2007, having been proposed by a user.

- In October 2009, Google and Microsoft began integrating tweets into their search products.

- In January 2013, Twitter introduced Vine, which enabled users to make and tweet six-second looping videos. Some 12 million Vine videos are uploaded every day.

- Twitter is based in San Francisco, with additional employees in New York, Chicago, Los Angeles and Washington. Its total payroll exceeds 900.

- Prior to Thursday's IPO announcement, many analysts valued Twitter at around $10 billion. By comparison, Facebook went public valued at $16 billion.

- Twitter was incorporated in April 2007, the month after it stole the show at the influential South by Southwest technology and indie music festival in Austin, Texas.

- It was co-founded by Biz Stone, Evan Williams and Jack Dorsey -- @biz, @ev and @jack.

- Asked by AFP in March 2011 why Twitter is such a hit, Stone replied: "A big part is that it is just very simple and connects people to other people they would not otherwise be connected to."

- The initial Twitter logo was created by Stone, a former graphic designer.

- Twitter chief executive Dick Costolo is a former improvisational comedian.

.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








INTERNET SPACE
Twitter wants to fly with billion-dollar IPO
San Francisco (AFP) Oct 04, 2013
Twitter on Thursday unveiled plans to pump up the globally popular one-to-many messaging service with a $1 billion stock market debut. The initial public offering (IPO) is expected to be the most sought-after since Facebook in May 2012, a listing that faced numerous glitches on the Nasdaq and which saw the company's share price slump before recovering this year. Twitter outlined its plan ... read more


INTERNET SPACE
UCLA engineers develop new metabolic pathway to more efficiently convert sugars into biofuels

KAIST announced a novel technology to produce gasoline by a metabolically engineered microorganism

Solving ethanol's corrosion problem may help speed the biofuel to market

First look at complete sorghum genome may usher in new uses for food and fuel

INTERNET SPACE
Putting a face on a robot

People prefer different robot faces depending on task assigned

Robots take over

A swarm on every desktop: Robotics experts learn from public

INTERNET SPACE
Installation of the first AREVA turbines at Trianel Windpark Borkum and Global Tech 1

Trump's suit to halt wind farm project to be heard in November

Ireland connects first community-owned wind farm to grid

Moventas significantly expands wind footprint

INTERNET SPACE
Hong Kong's handcarts keep the city on a roll

US-made electric car tops new registrations in Norway

China, the global auto industry's best hope

Australia researchers unveil 'attention-powered' car

INTERNET SPACE
Libya's oil sector faces long-term decline amid anarchy

Slow progress in Israel-Turkey talks threatens gas pipeline plan

US court backs BP in dispute over compensation for oil spill

Russia charges all 30 Greenpeace activists with piracy

INTERNET SPACE
Bangladesh breaks ground for first nuclear power plant

Four tonnes of radioactive water spilled in Fukushima

New leak at crippled Fukushima nuclear plant: TEPCO

Radioactivity found in fracking waste water in Pennsylvania

INTERNET SPACE
IEA: Southeast Asia's energy demand to increase 80 percent

Nigeria signs $1.3 bn power plant deal with China

Myanmar's energy sector boosted by World Bank investment

ASEAN region has potential for 70 percent green energy

INTERNET SPACE
ForWarn follows rapidly changing forest conditions

Indonesia, EU seal pact to stop illegal timber exports

Seeing the forest and the trees

Uphill for the trees of the world




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement