NPR Story
4:10 pm
Tue November 5, 2013

Twitter Looks To Its News Role In Upcoming IPO

Originally published on Thu December 4, 2014 3:26 pm

Expectations are high this week as Twitter gets ready to go public.

The company raised its initial public offering price yesterday to $25 a share, up from $23. That would put the company’s value at around$13.6 billion — almost 12 times the value of its projected 2014 sales.

Twitter has 230 million users and not all of them are following Lady Gaga or Justin Bieber. A new Pew study shows 8 percent of Americans use Twitter to get news.

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