Twitter using the handle at jj real money. I just mentioned twitter. Twitter set its ipo price at 26 a pay. But thats what the big boys will pay. Regular investors get their first shot at it sometime thursday morning. And their bids will be on the womens of the market. They could pay more or pull a facebook and see their shares drop below the ipo price. Its symbol is twtr. Its valued at 14 billion. Thats a lot. Some would even say overvalued for a company that has not made actual money. The pros judge these things by mayoring the stock price to the companys revenue. The to come is more than 12 times what it estimates its sales to be in 2014. Thats pretty high. Nor context the s p 500 price is 1. 6 sometimes sale1. 6 times sal. It pushed the dow on wednesday to an all time high. Whatever gain you use common sense tells us that you invest in the stock because you believe the company is going to turn a profit, hopefully one day. That day has not arrived yet for twitter. Twitter brought in
The do you finishing the day at 15,746. It surpassed the record set back on november 29th. And twitter is pricing its shares at 26. That is higher than expected. That values the social media site at more than 18 billion. Twitter begins public trading tomorrow on the New York Stock Exchange under the Ticker Symbol twtr. Real money with ali velshi is next on al jazeera america. Reporter the weight is finally over. The hottest ipo this year set to price but should you get in on the action. Plus some californians are getting time to sort out their insurance options. I will talk to the man who made that at. And the search is on, why finding the next ceo to microsoft is a bigger deal than you think. Im ail ail ali velshi, and this real money. This is real money. You are the most important part of the show. Join us in the next half hour on twitter using the handle at jj real money. I just mentioned twitter. Twitter set its ipo price at 26 a pay. But thats what the big boys will pay. Regular i
First trade of tomorrow. Ready big concerns over the ukraine mounting. Are also at an alltime, never witnessed before, historical high, so a selloff from the greatest level the s p has ever seen that softens the blow a little bit. Maybe a little bit. Lets move on. These are the stocks you are watching as we head into the lows. Julie hyman, watching for us. The your crane and the tensions there, there is one stock i wanted to look at with ukraine and the tensions there, there is one stock i wanted to look at. Yandex. Isis being affected by what going on over there, shares plunging 13 . Lets talk about ford. Sales down more than six percent. A lot of automakers beating analyst estimates. Ford, one of the exceptions. Down more than one percent. And finally, this tobacco company, up the most in the s p, after a report that Reynolds Company was looking for possible acquisitions. For lorillard. A analysts say they do not see a deal happening right now, if at all. Thank you, julie hyman. Now
Icahn. He is called a rater trying to discourse cash. Im ron burgundy and i will read anything in the teleprompter. It seems the anchorman has been everywhere, lately. He has the viral marketing blitz, a new business of buzz. Breaking news and a new name emerging in the microsoft ceo search, the board considering qualcomm ceo steve mollenkopf. We dont know yet, but one candidate who may be fading is ford ceo mulaly. There were concerns about his lack of technology experience. They want a new ceo, ideally, before the end of the year. Tom giles, good to see you on the east coast. It is like bloomberg east here. This is a big deal. They are busting the phones to find out what they heard, tell us about it. It turns out we found the name of the person, he is the coo of qualcomm. A well regarded company and has done well in terms of the stock price and growth. They are a leader in wireless technology, specifically the chips that a lot of phones you and i use. Microsoft has had an area of wea
See in august 8 ipo as a good omen. The number eight is considered lucky in china because it sounds like the word for posterity. Baba as its prefer Ticker Symbol. The Justice Department says they will review the 1941 agreement with bmi which still governs song related royalties today. People have complained that the agreements dont take into account the rise of digital media. Calling for a 60 day period of public comments. Fcc islead story, the facing a growing backlash against its plan to redefine Net Neutrality and create internet fast lanes. Tens of thousands of people flocked to the fcc website after john oliver urged viewers to post comments in a 13 minute monologue in support of Net Neutrality. Thats right. The fcc are inviting internet comments at this address. At this point i cant believe im about to do this i would like to address the internet commenters out there directly. Good evening, monsters. The moment you have spent your entire life fighting for. Thee has to work that i