Update 11:03 EST: Twitter went public this morning at $45.10 per share. The company’s stock began to rise right after it became available, and tested the $50 mark several times in the minutes after trading. Twitter is now worth $35 billion, and it is trading at around 30 times sales. Twitter Inc (NYSE:TWTR) is growing quickly, but a price of $50 per share prices in a huge amount of growth.
Twitter Inc (NYSE:TWTR) needs to sell ads in the coming months. The company will need to show its early investors that it is able to continue its sales growth, and it’s able to show a profit.
The New York Stock Exchange trading floor is a busy...
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