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Twitter, Inc. is an American business that provides microblogging and social networking products and services for users, advertisers, data partners and developers. The company was founded in 2006 by Jack Dorsey, Evan Williams, Noah Glass and Biz Stone. Headquartered in San Francisco, California, it now has more than 35 offices around the world.
Twitter, Inc. shares are listed on the New York Stock Exchange (NYSE). The company is a constituent of the S&P 500 Index.
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Twitter, Inc.’s product portfolio includes Twitter, Periscope, Promoted Tweets, Promoted Trends and Promoted Accounts.
With over 330 million active users, Twitter is a platform that allows you to discover, create and distribute content. Periscope is a mobile app that offers live video streaming to more than 10 million registered users.
The company’s ‘promoted’ services provide various businesses with the opportunity to advertise their brands, products and services; boost their visibility and reach, and start the conversation around their promotional campaigns.
Prior to its IPO, Twitter was funded by venture capital. Although the exact figures remained undisclosed, it is estimated that the company received around $57 million.
In September 2013, Twitter announced that it had filed papers with the US Securities and Exchange Commission ahead of a planned stock market listing, expecting to raise $1 billion. On November 6, 70 million shares priced at $26 per each were issued.
On November 7, its first day of trading on the New York Stock Exchange, the company’s shares opened at $26 and closed at $44.90, giving the business a valuation of around $31 billion. The stock soared quickly following its IPO success, with the TWTR share price peaking at $73 in December.
However, after reporting a net loss of $511 million in the fourth quarter of 2013, the stock started falling, losing half its value by the end of 2014. Following a period of significant volatility, the Twitter stock price dropped as low as $14 per share in May 2016.
From the beginning of 2017, with the exception of occasional, short-lived downturns, Twitter shares had mainly been in the uptrend, reaching a price of $47 in May 2018. Ever since then, the Twitter stock price chart has shown a rather chaotic trajectory, with multiple price fluctuations in both directions.
With Capital.com’s comprehensive TWTR stock chart, you can quickly find the price of Twitter shares live and trace the company’s stock value in historic terms.
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