Inside Scoop: Twitter's stock skyrockets
Inside Scoop: Twitter's stock skyrockets
3:49

Inside Scoop: Twitter's stock skyrockets

Tech Industry
-Hey, everyone. Welcome to the Inside Scoop. I'm CNET's Kara Tsuboi, joined by CNET senior reporter Daniel Terdiman. Welcome, Daniel. -Thank you. -Big news in the social media world, Twitter went public this morning. -Yes, they did. Yup. -Yeah, and their stock is doing pretty well. -Yeah. -It opened at, what, $45-- -$45, after being priced yesterday at $26. So, that's quite a pop. -I know you're not necessarily a financial analyst, but did those numbers surprise you? Does it-- is it surprising anyone that it is so high right now? -Well I bet it surprises Twitter. I mean, that's why they priced it at $26. But I did see some reports in the last few days that suggested, you know, $35, $40 for the shares. So, yeah, some people certainly were aware that it was gonna come out at that range. -A lot of people couldn't help but compare Twitter's IPO to Facebook's IPO a year and a half ago. -Sure. -And with Facebook, you know, we saw them dip really low to half its initial value before climbing back up. -Right. -What do you think is different about Twitter? Why are they seeing such success right out of the gate? What did they learn from Facebook? -Well, I think, first of all, they studied Facebook's IPO and saw, you know, some of the problems. One of the things, I think, is that Facebook put out too many shares, so it kind of diluted the value a little bit. -Sure. -Plus, I think, that there were just some fundamental problems with Facebook. They hadn't figured out how to make money off of Mobile, whereas Twitter it really is a pure Mobile service and everybody knows that they-- you know, that's where the eyeballs are. They say it's just on Mobile. And I just suspect that, you know, they huddled with their bankers and kind of like figured out what the problems were. They went with the New York Stock Exchange instead NASDAQ. So, they really tried to do things very differently than Facebook. -Now, Twitter might have figured out the Mobile, but at the same time they never turned a profit. -That's true. -Not once in their-- -Right. -70 years of existence. -Right. -That's gotta change now that you're public, right? -Well, they certainly have to hope so. -Yeah. -You know, if you look at their numbers, their amount of revenue has certainly been going up and I think it's, you know, gonna be double this year than it was last year. So, you know, the trend line is in the right direction. Their costs are also going up at the same time. -More hires. Yeah. -There is no guarantee they're ever gonna make money but I-- you know, I believe in Twitter. I think that the advertisers seem to be, you know signing up and believing in Twitter and, you know, there's a lot of room for them to grow. But the one problem is that they've kind of saturated the market in the United States and most of their advertising revenue comes in the United States. So if they don't figure out how to make money off of advertising internationally, that's where their big problem could be. -How does this advertising, all this growth, how does that look for the average user? What are we going to see different in our accounts? -It's really hard to say. I mean, you know, you start to those like promoted tweets and everything-- -Sure. -show up. You know, the big thing that Twitter's been doing is it's sort of like the amplified program which is partnering with the TV networks and other-- you know, like ESPN and NFL, people who create video content, and so they're figuring out how to imbed video content into tweets. And I think that's where we'll start more advertising. It'll be-- you know, I think the advertising is gonna be, you know, prominent. You know, like you wanna watch an NFL club, you'll have to go through an ad first. And so, you know, the age of a tweet just being 140 characters and nothing more, I think that's long past. -Wow. Now, assuming Twitter closes today, you know, in that steady mid 40s range, what do you think this is really going to mean for the landscape of social media sites and their public offerings in the future? -Well, it's good. You know, and if you're Pinterest or, you know, snapshots coming like that, you've gotta be, you know, likes-- chopping at the bear right now. Also, Square is-- we know, Jack Dorsey's other company-- -Yeah. -you know, they-- there was a Wall Street Journal story yesterday that said Square is starting to think about an IPO for next year. So, yeah, I mean, the market looks like-- you know, the stock market has a-- is doing very well right now. Twitter having its stock price do so well, you know, it's gotta-- it's gotta look good. -Right. And all of us here at CNET we're gonna keep a close eye on this and people around the world too, Twitter followers especially. -Absolutely. -Thank you so much, Daniel Terdiman, senior reporter for CNET. I'm Kara Stuboi. Thanks for watching the Inside Scoop.

Up Next

Apple HomePod 2 Gives Great Sound, but Is It Too Expensive?
homepod-review-00-04-41-23-still113

Up Next

Apple HomePod 2 Gives Great Sound, but Is It Too Expensive?

How Apple Gets Us to Care About VR
cnetstillvr

How Apple Gets Us to Care About VR

DOJ Stops Hive Ransomware Network
hive-cms-image

DOJ Stops Hive Ransomware Network

New Apple HomePod and MacBooks: What We Did (and Didn't) Get
homepodblue

New Apple HomePod and MacBooks: What We Did (and Didn't) Get

Why Streaming Is Getting More Expensive
streaming-services-seq-00-09-03-22-still001

Why Streaming Is Getting More Expensive

NASA, Boeing Reveal a New, More Sustainable Jet
nasa-image

NASA, Boeing Reveal a New, More Sustainable Jet

Corvette E-Ray Hybrid Revealed
chevy-corvette-image

Corvette E-Ray Hybrid Revealed

Watch Apple Reveal New MacBook Pro With M2 Pro and M2 Pro Max
macbook-pro-cms

Watch Apple Reveal New MacBook Pro With M2 Pro and M2 Pro Max

Apple Reveals New Mac Mini With M2
mac-mini-cms-image

Apple Reveals New Mac Mini With M2

Tech Shows

The Apple Core
apple-core-w

The Apple Core

Alphabet City
alphabet-city-w

Alphabet City

CNET Top 5
cnet-top-5-w

CNET Top 5

The Daily Charge
dc-site-1color-logo.png

The Daily Charge

What the Future
what-the-future-w

What the Future

Tech Today
tech-today-w

Tech Today

Latest News All latest news

Samsung Galaxy S23 Event: Everything Revealed
1203860653352361-tosb2t0zztw5ftnk6qic-height640.png

Samsung Galaxy S23 Event: Everything Revealed

Samsung Introduces New One UI 5 Features
samsung-one-ui-5-00-00-41-16-still101

Samsung Introduces New One UI 5 Features

Samsung's Galaxy Book 3 Ultra Fixes Two Things I Didn't Like About Last Year's Galaxy Books
galaxy-laptops-josh-seq-00-05-55-20-still002

Samsung's Galaxy Book 3 Ultra Fixes Two Things I Didn't Like About Last Year's Galaxy Books

Samsung's Galaxy S23 Lineup Is Here With Big Camera Upgrades
cnets23

Samsung's Galaxy S23 Lineup Is Here With Big Camera Upgrades

Apple HomePod 2 Gives Great Sound, but Is It Too Expensive?
homepod-review-00-04-41-23-still113

Apple HomePod 2 Gives Great Sound, but Is It Too Expensive?

Meet the Recyclable, 3D-Printed Home
biohome-2

Meet the Recyclable, 3D-Printed Home

Most Popular All most popular

Easy Ways to Lower Your Utility Bills and Save Money
yt-reduce-your-utility-bills-v3

Easy Ways to Lower Your Utility Bills and Save Money

How See-Through Solar Panels Could Bring Renewable Energy to Your Windows
trans-solar-panels-seq-00-06-11-19-still001

How See-Through Solar Panels Could Bring Renewable Energy to Your Windows

How to Decide Whether to Rent or Buy a Home
yt-money-rent-buy-v1-1

How to Decide Whether to Rent or Buy a Home

New Solar Shingles You May Not Even Notice
solar-shingles-2

New Solar Shingles You May Not Even Notice

Hearing Dolby Atmos in a Car Blew Me Away
ces-dolby-00-00-55-13-still001

Hearing Dolby Atmos in a Car Blew Me Away

How Healthy is Your Heart, Really? 5 Ways to Tell at Home
how-healthy-is-your-heart-2

How Healthy is Your Heart, Really? 5 Ways to Tell at Home

Latest Products All latest products

Samsung's Galaxy S23 Lineup Is Here With Big Camera Upgrades
cnets23

Samsung's Galaxy S23 Lineup Is Here With Big Camera Upgrades

Testing Apple's New M2 MacBook Pro and Mac Mini
macbook-pro-and-mac-mini

Testing Apple's New M2 MacBook Pro and Mac Mini

Hands On: Google Android Auto in Volvo's New EX90
google-booth-seq-00-08-05-25-still002

Hands On: Google Android Auto in Volvo's New EX90

Hands On: Acer's 3D Stereoscopic Screen
c0270-mp4-02-36-54-21-still001

Hands On: Acer's 3D Stereoscopic Screen

'Hey Disney' Comes to Amazon Echo Devices
ces-disneyalexa-00-01-11-14-still001

'Hey Disney' Comes to Amazon Echo Devices

Hearing Dolby Atmos in a Car Blew Me Away
ces-dolby-00-00-55-13-still001

Hearing Dolby Atmos in a Car Blew Me Away

Latest How To All how to videos

Connect a Meta Quest 2 VR Headset to a PC
pc-vr-5

Connect a Meta Quest 2 VR Headset to a PC

Cast Your Meta Quest Headset to a TV, Phone or Browser
cast-2

Cast Your Meta Quest Headset to a TV, Phone or Browser

MacOS Ventura Continuity Camera Turns Your iPhone Into a Webcam
1203246975312353-pnmdl8bwygpxcjffhlcf-height640.png

MacOS Ventura Continuity Camera Turns Your iPhone Into a Webcam

How to Clean Your Keyboard's Sticky Keys
3keyboards

How to Clean Your Keyboard's Sticky Keys

How to Play Games from PlayStation Plus on PC
psstill

How to Play Games from PlayStation Plus on PC

How to Delete or Disable Your Instagram Account
phoneonorange

How to Delete or Disable Your Instagram Account