Will it fly? The Twitter bird logo was decorating a post on the floor of the New York Stock Exchange Wednesday.
Credit Richard Drew / AP
6 p.m. ET: Twitter Shares Close At $44.90
At the end of its first day of public trading, shares of Twitter were valued at $44.90, reflecting a market value of more than $31 billion. The company sold 70 million shares of stock, raising $1.82 billion in the process.
Earlier Thursday, the company's shares soared from their initial public offering price of $26.
2:35 p.m. ET:
As you can see if you click on the player below, Twitter's stock has been trading around $47 a share in recent minutes.
Some Swedish movie theaters are introducing the system. The scale grades films based on a concept introduced by the feminist cartoonist Alison Bechdel. Whether a film passes or fails depends on whether any of its named female characters have conversations with one another about something other than men.
Originally published on Thu November 7, 2013 5:57 am
Twitter goes public at $26 per share on Thursday. That's up from an earlier planned offering in the $17 to $20 range — and it may signal increased demand from institutional investors like hedge funds. Twitter is valued at just over $18 billion even though it has never turned a profit.
In the essay "The Myth of Sisyphus," philosopher Albert Camus — who would have turned 100 on Thursday — explored the nature of boring work. There's new psychological research into why people end up in boring jobs.
We tweet. We text. We email. But how often do we really write anymore? Not much, if you look at the business of selling pens — or "fine writing instruments," as shop owners call them. With their writing tools becoming obsolete, pen stores have folded, including a century-old shop in New York.
But despite the tech-heavy trends, a few old-fashioned pen stores are still holding on.
The new health care law will provide around $1 trillion in subsidies to low- and middle-income Americans over the next decade to help them pay for health insurance.
Johanna Humbert of Galien, Mich., was pleasantly surprised to discover that she qualifies for an insurance subsidy, since her current plan is being canceled. Humbert makes about $30,000 a year, so she'll get a subsidy of about $300 a month. The new plan is similar to her current one, but it will cost $250 — about half of what she pays now.
But where will the money come from to pay for subsidies like these?