Mike Isaac

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Twitter Shares Down on Second Day Opening

TwitterIPOAfter a brief rise on Friday morning, shares of Twitter slipped in the second day of trading. The stock saw an early two-point slide for a four percent drop.

As of mid-Friday morning, TWTR was trading at around $42.50 per share. That’s down from its Thursday debut price of $45.10, but still up more than 70 percent from the $26 per share at which the stock was originally priced.

Chatter around the company’s debut continued into Friday, with commenters dividing into two camps — those who thought Twitter’s massive stock price pop was a good thing for retail and major investors and those who argued that with the surge of nearly $20 up from its pricing, Twitter left more than $1 billion on the table.

As analysts have reiterated, most of the early clamor for Twitter shares has been all on the promise of the company one day delivering big returns; as of today, Twitter is relatively small in both revenue and user numbers compared to its competitor Facebook, and continues not to turn a profit.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik