On November 7, 2013, Twitter released its initial public offering (IPO) priced at $26 per share. When
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On November 7, 2013, Twitter released its initial public offering (IPO) priced at $26 per share.
When the day ended, it was priced at $44.90, reportedly making about 1600 people into millionaires in a single day. At the time it was considered a successful IPO. Four years later, Twitter is trading at around $18 per share. Why do you think that occurred? Is Twitter profitable? How can you find out?
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To answer why Twitters stock price decreased from its initial public offering IPO to four years later we need to consider a few factors Firstly the IP...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781947172685
1st Edition
Authors: Patty Graybeal, Mitchell Franklin, Dixon Cooper
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