rightful owners? a unique love triangle is the subject of a supreme court case that involves a cheating husband, the wife, the mistress and a chemical weapons treaty. we ll see you back here for the latest news in 30 minutes. but first, your money starts right now. captions by vitac www.vitac.com from 140 characters to tens of billions of dollars, twitter now a public company. what s that mean for you money? i m poppy harlow in today for christine romans. investors went crazy for twitter on the first day of trading, it opened at $45.10, more than a 70% premium to the offering price. it stayed in that range for much of the day closing just below 45 days a share when that closing bell rang at 4:00 p.m. that stock price put the company s value at just about $25 billion. $25 billion. let s talk about that. that s a hard number to grasp.
twitter has successfully launched the highly anticipated ipo initially priced at $26. remember that? it s a little different. willie and i said it was going to be big. shares jumped 73% opening at $45.10. it remained around that level for the day before closing just under $45. by the closing bell, it raised over $2 billion moving market value around $25 billion. all of which was extremely good news for the man running the company. chairman jack dorsey is now a billionaire on paper. evan williams worth other $2.5 billion and the crow has a $345 million stake in the company. give you perspective on that. they got close to 30 billion, the same value of kraft foods. it is just stunning. this company now turned a profit and has the eyeballs.
twitter says they have 230 million users. they were priced at 26 bucks a share but then when the stock opened around 10:45 yesterday morning it skyrocketed to $45.10 a share. at one point in the trading day, it hit more than 50 bucks a share. then it came down at the end of the day and closed just under $45. but this is what really amazes me. that valuation at $45 it values twitter at $25 billion! that is more than a lot of established companies like hershey and like alcoa and tiffany s and delta it s valid at more than that. even more than netflix. that is an outstanding number. this in all regards a monster debut. made a lot of people not us, really rich. cofounder of twitter $24.6 billion his stake.
everyone was talking about twitter. is this a good investment? were you surprised by its arc yesterday? it s pretty amazing. this is a 26-dollar ipo that opened at 45.10. it traded above 50, down to 44. anything about 40 feels like hype. it s unprofitable. it has a fifth of the users of facebook. longer term, the idea is they ll have growth and continue to move toward the upside. the sad part is when the retail invests, the regular people like you and i jump in and try and get it and buy it at 49 or 50 and then it closes at 44.90. that s the environment. it s a risky trade. you have to have a tough stomach to get into this kind of stuff. you might want to go with a company that s solid. the analysts are mixed on this. sure. that s what you say. you know where they love it? twitter. they love it on twitter. nicole petallides, thank you for joining us live. have a great weekend. you, too. coming up. do you have a disobedient dog? then you ll want to stick
filing made a point of saying that the four more years tweet from the obama campaign last year, the picture of the president and first lady embracing was the most tweeted tweet ever on twitter. it is also interesting today to look at who is profiting off of twitter. it s the institutional investors who got to buy at $26 and opened at $45.10 and that s right around where it s trading now. steve kornacki are you bog to be buying stocks? i have a long-standing policy. i do not believe in buying stocks, savings accounts and super bowl bets, those are my that s my investing strategy. i have one in my life i made $9 in the stock market. when i graduated college grandma gave $300 to her stockbroker. she said, i can t have the money, i had to invest. i called the stockbroker, northern utilities.