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Twitter Prices IPO at $26 Ahead of Stock Market Debut (USA Today)
Twitter priced its shares at $26 each late Wednesday, setting the stage for one of the largest technology initial public offerings ever. “We just priced our IPO” the company tweeted, attaching a screen shot of the offering announcement. The New York Times Twitter shares are set to begin trading Wednesday on the New York Stock Exchange. With 70 million shares sold in the offering, Twitter raised $1.8 billion. Reuters The IPO values Twitter at $14.1 billion, with the potential to reach $14.4 billion if underwriters exercise an over-allotment option, as they are widely expected to. If the full overallotment is exercised, Twitter could raise $2.1 billion, making it the second largest Internet offering in the U.S. behind Facebook’s $16 billion IPO last year and ahead of Google’s 2004 IPO, according to Thomson Reuters data. Christian Science Monitor David Menlow, president of research firm IPO Financial, said it’s unlikely that Twitter will see shares soar initially, but a smaller size pop is possible. “I think you could see shares rise 10 percent but there are still a lot of naysayers out there who think the stock is overvalued,” he said. AllTwitter It’s been a relatively brief but, somehow, endlessly fascinating road to IPO for Twitter, from Jack Dorsey’s first tweet back in March 2006, to range after range of funding, CEO upheavals, acquisitions, and more. This infographic from Pitchbook takes a closer look at that road, and we’ll see how everything paid off come the opening bell today.
How Facebook Redesigned Like, Share Buttons (AllFacebook)
Facebook revamped the design of its like button and share button Wednesday, and it eased the process of displaying the like and share buttons side-by-side, or only the share button. The social network announced the redesign in a post on its developer blog, saying that the new buttons will be rolled out “in the coming weeks,” and adding that users of the current like button will automatically be updated.
The Power of the Crowd: What Brands Can Learn From CNN’s Crossfire (Ebyline)
Whether you’re on the right or the left, there’s no debating the fact that controversial politics draws high levels of audience engagement. Even though it’s generally not a good idea for brands to get involved in political conversations on social media for fear they will alienate consumers, there are lessons they can learn from at least one cable news program.
YouTube Starts Rolling Out its New Commenting System Based on Google+ (TechCrunch)
In September, YouTube announced that it would soon roll out a new commenting system powered by Google+. After testing it on channel discussion tabs for a few weeks, it’s now starting to roll it out to all videos on the site.
[Infographic] Hashtag History: From Organic Organization to Powering Social Marketing Campaigns (SocialTimes)
This OfferPop infographic charts the history of the hashtag from its organic inception to its current position as a pop culture and marketing phenomenon. Interestingly enough, the hashtag took off during the San Diego wildfires in 2007 but weren’t officially incorporated into the Twitter infrastructure until 2009.
Watch This Star-Studded ‘Hunger Games’ Q&A on Facebook (Mashable)
“Nice to meet all of your phones,” actress Jennifer Lawrence jokingly said to Facebook employees who were photographing her onstage just moments before she participated in a Q&A panel at Facebook headquarters in Menlo Park, Calif. The Oscar winner and fellow “The Hunger Games: Catching Fire” stars Josh Hutcherson and Liam Hemsworth, as well as director Francis Lawrence, then began the panel, which featured a new clip from the movie.
GetGlue Acquired By Video Discovery Startup i.TV (LostRemote)
Mobile TV app i.TV has acquired social TV app GetGlue, coming together in a deal that pairs a founding father in the second screen and TV check-in space with the Utah-based video discovery startup. “Together, i.TV and GetGlue will reshape the social TV and second screen landscape,” said i.TV CEO, Brad Pello.
Website Builder Wix Raises $127M in Largest-Ever IPO for Israeli Firm (VentureBeat)
Tel Aviv-based website builder Wix successfully debuted on the Nasdaq Wednesday, raising $127 million by selling 7.7 million shares at $16.50 each, the top end of its intended pricing range. The stock popped briefly above $17.50 before settling back down $16.46. That price values the company at about $750 million.
Los Angeles Has Ambitious Goal to Bring Free Internet to its 3.5 Million Residents and Businesses (AppNewser)
The city of Los Angeles is about to get a boost in free Internet if city officials get their way – free Internet with the construction of the largest broadband project to date. If completed, the new fiber will be delivering Internet to the municipality’s 3.5 residents and businesses in addition to supplying free data to areas with public WiFi.