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Billionaire On Paper News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20131108:11:07:00

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.

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