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TWTR

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Re: TWTR

#3
If it stays at $46, that's a gigantic fuck up. They left a billion dollars on the table, and that's borderline breach of fiduciary duty.

Of course, we have to wait and see what it settles at, and it's a little premature to heap scorn just yet. But the initial reaction is it looks like they overreacted to the Facebook IPO debacle (in my book, Facebook did the best thing possible for the company and extracted as much value as possible from the public markets --- and the value buyers didn't get screwed, given that a year later it's trading at ~20% above the IPO price.).

Re: TWTR

#4

If it stays at $46, that's a gigantic fuck up. They left a billion dollars on the table, and that's borderline breach of fiduciary duty. Of course, we have to wait and see what it settles at, and it's a little premature to heap scorn just yet. But the initial reaction is it looks like they overreacted to the Facebook IPO debacle (in my book, Facebook did the best thing possible for the company and extracted as much v…

Can someone who knows about these things explain why no one else does auctions like Google did? I mean, these guys are supposed to be about markets, right, so why the heck is the price decided by some kind of "central committee"?!

Re: TWTR

#5
I have to admit I was wrong. I assumed it would flatline like FB.

Congrats to the Twitter team!

Re: TWTR

#7

If it stays at $46, that's a gigantic fuck up. They left a billion dollars on the table, and that's borderline breach of fiduciary duty. Of course, we have to wait and see what it settles at, and it's a little premature to heap scorn just yet. But the initial reaction is it looks like they overreacted to the Facebook IPO debacle (in my book, Facebook did the best thing possible for the company and extracted as much v…

There's a lot of fuck up IPOs then. I know I got double my money pretty quick on the VMWare IPO and the Visa IPO, just buying as soon as they went public and selling at a peak after news.

Re: TWTR

#8

If it stays at $46, that's a gigantic fuck up. They left a billion dollars on the table, and that's borderline breach of fiduciary duty. Of course, we have to wait and see what it settles at, and it's a little premature to heap scorn just yet. But the initial reaction is it looks like they overreacted to the Facebook IPO debacle (in my book, Facebook did the best thing possible for the company and extracted as much v…

I believe you have the logic backwards here.

Facebook was the fuckup because they priced correctly and all the buddies of the underwriters didn't make bank on the IPO. Twitter is back to the old system and nobody will be complaining this time around.

Re: TWTR

#9
post #5

I have to admit I was wrong. I assumed it would flatline like FB. Congrats to the Twitter team!

There is no indication that it has risen from the opening price for the public markets yet.

Re: TWTR

#10
A much better link than the 'live blog' covering ... erm.. the stock price.

Congrats to the twitter team. Ridiculous overpricing aside (in the financial/risk management sense), that's a major victory for them. Whether or not this becomes a financially viable business, there's no question that they've built an amazing thing and are now getting well-rewarded for it.

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