
Twitter shares will trade on the New York Stock Exchange, documents showed Tuesday, shunning the tech-heavy Nasdaq which saw major problems in Facebook's market debut in 2012. An update to Twitter's filing with the Securities and Exchange Commission said: "We intend to list the common stock on the New York Stock Exchange under the symbol 'TWTR.'" The update also said Twitter's monthly active users had grown to 232 million, up from 218 million as of June 30. It said the company lost $133 million in the first nine months of 2012 on revenues of $422 million, updating its earlier figures. Twitter also revealed a new contract with chief executive Dick Costolo worth some $11.5 million, mostly in stock. And its senior vice president for engineering, Christopher Fry, will get $10.4 million, mainly in stock awards. Twitter first revealed its initial public offering (IPO) in a confidential filing last month, and in early October revealed it would seek to raise $1 billion for the massively popular messaging platform. Twitter's decision to list on the NYSE came after the Nasdaq's foul-up marred the $16 billion Facebook share issue in May 2012, the most hotly awaited initial public offering on the US markets in years. The Nasdaq exchange agreed this year to pay a $10 million penalty for trading glitches. Nasdaq is also facing lawsuits from investors who claim the problems led to losses when they were unable to execute trades.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor