If you’re into stocks and trust social media, maybe consider buying stock in Twitter! Shares of Twitter traded between $45 and $47 in their first hours on the New York Stock Exchange on Thursday morning, under the ticker symbol “TWTR.” On Wednesday evening, the stock had a starting price of $26. However, with trading underway, it’s on track for an 80% jump in stock price!
It was only fitting that Patrick Stewart ring the NYSE bell, since we all know he’s a huge twitterer.
So, would you buy stock in Twitter?
What about Facebook?
Technology is always iffy when dealing with stocks because it changes a lot. My husband and I had money invested in internet companies in the late ’90s. Sadly, they went under and we lost it all. Do you think social media will ever fail the way so many other technology driven sites have?