Wall Street handed Twitter a $25 billion valuation on its first day of trading today. Now, let's talk about the encore.
Twitter made its public market debut at $45.10 for an instantaneous 75 percent jump in market value over where it priced its shares on Wednesday evening. The sharp run-up in share price was yet the latest example of Wall Street being willing to give Twitter's nascent advertising business the benefit of the doubt. After all, Twitter remains a company that's still not generating profits.
That the 7-year-old social network lost $133 million during the first … Read more