Twitter closes sharply higher in absence of major news

Though no major news or sell-side calls arrived today to give shares a boost, Twitter (TWTR +9.5%) managed to soar nearly to its post-IPO high of $50.09 (achieved on its first day of trading). 16.7M shares changed hands.

Twitter did announce a deal with Swiss software firm Myriad that will allow its services to reach mobile users lacking Internet connections, courtesy of a text transmission technology known as USSD. Users won't need to log into Twitter, or even have an account.

With Myriad having partnerships with ~45 carriers worldwide (the company is looking to add 40 more), the deal could strengthen Twitter's international reach. CEO Dick Costolo recently stated he wants Twitter, which ended Q3 with 231.7M MAUs and is dealing with concerns its service is too specialized to have a Facebook-sized base, to eventually have 1B MAUs, and to become easier for new users to figure out.

Also: Social media analytics firm Gigya estimates Twitter had a 30% share of social media referral traffic in Q3, up from 24% in Q2. Facebook still leads with a 41% share.

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Comments (7)
  • Deja Vu
    , contributor
    Comments (1721) | Send Message
    HypeDrive hits warp speed and stock price takes hyper jump and retail investors' money will get sucked into the black hole.
    9 Dec 2013, 05:00 PM Reply Like
  • daphnex2
    , contributor
    Comments (127) | Send Message
    I was lucky enough to get TWTR at the IPO price, but I do believe that TWTR can be used as a semi-legit news source world-wide, whereas Face Book, seems to me, to be Kid Stuff for highschoolers,etc. I have no idea how TWTR will do long term, but I'm glad that I took a chance.
    9 Dec 2013, 06:39 PM Reply Like
  • pennyln
    , contributor
    Comments (2) | Send Message
    TWTR , huge day!!!! I guess dump your FB for TWTR. It seems like FB is rolling over. I just hope twitter can really figure out how to get more users....Face it in a way for now there are alot of us that have no interest in it yet.
    9 Dec 2013, 08:03 PM Reply Like
  • toosmarttofail
    , contributor
    Comments (687) | Send Message
    Not lucky, privileged. Money has no IQ, nor do most who have it.


    The internet has warped captialism to crazm the square-peg of big corporations into the round hole of egalitarianism. Copyright and defamation laws have been overruled or abandoned by the courts to make this happen; otherwise all these "tolltakers' would go down overnight. They're all aggregators who make money off other people's content. Smart "other people" stopped giving away the store long ago. What remains is garbage, but lots of people make money selling garbage to the public.


    This stock could rally to any number before everything crashes.


    Twitter is just a popular website. The social-media space is too crowded as it is, and they're all destroying the flow of information by censorship.


    There's only one new frontier for information products left to conquer: TRUTH. Bet on whoever allows this, and whose business model doesn't depend on immunity from copyright aqnd defamation laws.
    9 Dec 2013, 08:21 PM Reply Like
  • daphnex2
    , contributor
    Comments (127) | Send Message
    Actually, I am lucky, not privileged. I asked for 100 shares at the IPO, my broker told me I probably wouldn't get any, because of the limited amount available. However she did call back and say I was given 20 shares!! Whoopie!! I did go back and buy more at the going price. Privileged?? I wouldn't say so. Plus I worked very hard for the money I have to 'invest'.
    11 Dec 2013, 12:11 PM Reply Like
  • sheeple2013
    , contributor
    Comments (5) | Send Message
    Yes those are both excellent explanations for a $7 billion mkt cap increase in a few days! good stuff keep it coming...
    9 Dec 2013, 08:42 PM Reply Like
  • rambler1
    , contributor
    Comments (859) | Send Message
    And the Wall Street dummies are all saying it's overvalued. Good research fellas.
    10 Dec 2013, 08:10 AM Reply Like
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