Transcripts for CNN EarlyStart 20131108 10:50:00 : compareme

CNN EarlyStart November 8, 2013 10:50:00

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.

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