Twitter's stock took to its wings in its public debut, closing up more than 70 percent. The day flew by with nary a hitch and gave birth to a new batch of Silicon Valley millionaires - even a few billionaires.
Now comes the hard part. With Twitter's value skyrocketing in just a day, the 7-year-old company that's never turned a profit and has just a fraction of Facebook's user base must prove to investors that it's worth the money. Twitter stock ended Thursday's trading at $44.90, giving the company a market value of $31 billion. That's $13 billion more than on Wednesday night, when the company set its IPO price at $26.
Source:
http://www.netnewscheck.com/article/30157/twitter-ends-up-73-now-comes-hard-part
