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NOV 07, 2013 - TheStreet

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Happy Twittermas!

Wall Street has been awaiting Twittermas for longer than a week now, like a kid anxious for Santa. Twittermas is bringing presents. Nice ones. At a price of $26/share, the IPO should fetch Twitter (TWTR) $1.8 billion. But that's for just 10% of the equity. Co-founder Evan Williams, who launched Blogger a decade ago, will become a billionaire. Another co-founder, Jack Dorsey, who has since helped found Square, should get a half-billion. Now, is Twitter really worth more than Macy's (M) or Bed, Bath & Beyond (BBY)? Of course not. But that's not the point, my friend. The idea behind an ... Read More

Tags: Happy Twittermas!,  Amazon.com Latest News