- Even on what's normally a quiet day for equities, Twitter (TWTR +1.5%) gapped sharply higher, but has quickly retraced its steps a bit. The microblogging platform's market cap briefly surpassed $50B, after factoring options and RSUs,
- At current levels, Twitter trades at 44x 2014E sales. The company is worth ~30% more than VMware, nearly twice as much as LinkedIn and Corning, and almost 3x as much as Seagate and Sony.
- Previous: Wunderlich sees short-covering, "cult status" fueling Twitter's rally
- Update (1:25PM ET): Shares are off to the races again; they're currently up 6.1%.
Twitter opens sharply higher, pares gains
Dec 26 2013, 10:07 ET