In this week's must-see rundown, we offer up an in-depth look at all of the new features in Google's latest mobile OS, Android KitKat. If you're one of the lucky users to already have it, you'll also want to check out our very handy tips for extending your phone's battery on KitKat.
Twitter officially went public earlier this week. In our latest Inside Scoop, CNET's Kara Tsuboi and senior writer Daniel Terdiman discuss the social media giant's initial public offering, what they learned from Facebook, and how they plan to turn a profit. … Read more
Twitter took flight Thursday in an impressive initial public offering that valued the company at $24.48 billion. Friday, the company's wings were clipped a bit as shares fell more than 7 percent.
Seven-year-old Twitter's IPO could be characterized by its anti-Facebook qualities. The smaller social network priced its shares at $26 apiece, opened with a healthy 73 percent pop at $45.10, then closed the day at $44.95. Clearly, investors were willing to give Twitter a pass on its money-losing business.
But Wall Street types, as usual, proved to be a fickle bunch. Though Twitter opened … Read more
In the Twitterverse, alpha is the new beta. The newly public company will push out a less than half-baked version of its Android application to guinea pigs who want to test out trial features before they're ready for mainstream consumption.
Called the "Android Alpha Program," Twitter will give an invite-only list of members "earlier iterations of experiments" and access to a special forum to share their feedback and bug reports, the Twitter for Android team wrote in a note to testers obtained by TechCrunch.
The program compliments an Android beta-testing initiative Twitter kicked off earlier … Read more
By now, corporate America has probably heard of Twitter.
It's less because CEOs and CMOs might have seen a hashtag during their evening viewing of "The X Factor." It's more because Twitter had an IPO this week, which means CNBC mentioned it a lot.
Perhaps now might be the time, then, to stop those with the sense and taste of a rabid stoat from taking the controls of corporate Twitter accounts.
I mention this only because of a tweet emitted by Home Depot.
Twitter shares are bouncing up and down following a successful IPO day.
The company's shares opened Friday at $45.98 and surged to more than $46 in early trading on Friday before falling to the $44 mark. Early on in pre-market trading, Twitter's shares were down, but quickly came back to even and then jumped to higher levels.
Twitter went public on Thursday with its IPO price set at $26 a share. The company's shares opened just before 8 a.m. PT on Thursday at $45.10 and held strong throughout the day. Twitter hit a high of $50.09 on Thursday before closing the day at $44.90.… Read more
If you type Pets.com into your browser today, you get redirected to a site for the retailer Pet Smart. But, 15 years ago, you would've been visiting one of the most popular Web sites to hit the Internet.
Pets.com is a case example of the classic dot bomb story. In its two short years, it went from tiny startup in August 1998 to a publicly traded company in February 2000 to collapsed in November 2000.
Twitter's long-awaited IPO went off without a hitch today, soaring above the official price the company set last night, finishing at $44.94 and giving the company a market capitalization of $24.48 billion.
Executives at Facebook can only look at Twitter's first day on Wall Street with envy. While Mark Zuckerberg's company is now flying high, its May 2012 IPO has become a cautionary tale in Silicon Valley for how not to go public. And clearly, Twitter studied the playbook and avoided making the mistakes that caused such a public relations nightmare for Zuck and Co. … Read more
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
The stories are legendary. Startups with no real business model and few prospects of building real companies went public in the late 1990s. Investors obliged, generating millions of dollars for corporate insiders, and before long, Silicon Valley had no shortage of firms bulging with cash and armed with little more than a pipe dream.
Then it all came a cropper. Interest rates rose, profitless companies burned through their cash piles and a nasty bear market set in. Stronger Internet companies like Amazon and eBay survived. Most of the flimsy concept endeavors like Pets.com and Boo.com flamed out, becoming … Read more