Twitter is "reevaluating the timing" of its IPO in light of the Facebook (FB) debacle, Charlie...


Twitter is "reevaluating the timing" of its IPO in light of the Facebook (FB) debacle, Charlie Gasparino reports. CEO Dick Costolo has already suggested Twitter is in no rush to go public. Meanwhile, Facebook's efforts to strengthen institutional support are said to be falling flat - COO Sheryl Sandberg reportedly raised eyebrows by telling an institutional investor Facebook priced its IPO at $38 partly to discourage short-term traders. This high-minded attitude apparently didn't extend to insiders. (earlier)

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Comments (12)
  • SoldHigh
    , contributor
    Comments (991) | Send Message
     
    Pricing "its IPO at $38 partly to discourage short-term traders" also encouraged long-shorts who are already up nearly 50% from day 1.
    23 Aug 2012, 04:05 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
     
    I was just about to say....it definitely gave short term traders who shorted it a fantastic profit.
    23 Aug 2012, 04:09 PM Reply Like
  • dab3z
    , contributor
    Comments (311) | Send Message
     
    Except you couldn't short it starting on day 1. Still good money to be made though.
    23 Aug 2012, 08:53 PM Reply Like
  • Mar0270
    , contributor
    Comments (24) | Send Message
     
    Can you say "from what plant do you come from?"
    23 Aug 2012, 04:09 PM Reply Like
  • into dark shadows
    , contributor
    Comments (460) | Send Message
     
    I think you forgot an "E" there...
    Plan E t?
    23 Aug 2012, 04:29 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Good move, as I don't think anyone is clear yet on how Twitter gets sustainable revenue growth on its own. The more likely situation is that it gets bought out by a whale.
    23 Aug 2012, 04:09 PM Reply Like
  • into dark shadows
    , contributor
    Comments (460) | Send Message
     
    Not only do you have a child in the person of Mark Z.
    but his go to gal is just as silly in her remarks and just shows how immature these people are in regard to running a company!
    Facebook is a joke and it sure looks like its executive suite is filled with Romper Room hold over's!
    23 Aug 2012, 04:16 PM Reply Like
  • Ted Bear
    , contributor
    Comments (700) | Send Message
     
    Ya know, i hear CNBS whining all day about FB. I also heard CNBS hyping this thing for weeks prior to the IPO.

     

    After all is said and done, FB took Wall Street to the cleaners on this deal. They made billions from the Street, and i don't see that the FB management has to play nursemaid to Wall Street every day just because they lost a lot of money pricing this deal too high. Where does it say that Wall Street has to win on every deal (even though that is the history)?

     

    Zuckerberg has a business to run. I trust that he is doing it. Especially silicon valley types always say that they don't pay much attention to the stock price (usually when they are flying) and we believe them. Why is there a double standard when the shares fall precipitously?

     

    And you can always believe the CEO from Morgan Stanley who did the deal: its the early days; let's see how it all works out.

     

    Good advice. They should take it.
    23 Aug 2012, 04:21 PM Reply Like
  • rajchak
    , contributor
    Comments (3) | Send Message
     
    Twitter for IPO?? No way ...Learn from others' mistakes... As of today, I would never own FB and same goes for Twitter..
    23 Aug 2012, 04:46 PM Reply Like
  • gcolston
    , contributor
    Comments (88) | Send Message
     
    Tricking people out of their money is a crime in any other context. If they are admitting to knowingly pricing the stock IPO higher than it's true worth then they are admitting to purposely scamming millions of small investors out of their money.
    Zuckerburg should give his ill-gotten billions back to the people he tricked. What a selfish guy he must be.
    Everyone involved in this fraud should be required to give back the money if they knew it was not a legitimate IPO.
    What good is the SEC if scammers are allowed to get away with a theft this big?
    23 Aug 2012, 06:43 PM Reply Like
  • Tom Guttenberger
    , contributor
    Comments (714) | Send Message
     
    'Didn't realize the cliff was this high and steep guys!!!' LOL.
    23 Aug 2012, 07:48 PM Reply Like
  • enigmaman
    , contributor
    Comments (2868) | Send Message
     
    If IPOs like FB & Twit are selling nothing more then "Social Networking" advertising the better IPO to wait for would be "Kardashian" and once bought wait for it to split out, "Kim", "Kloe", "Courtney" the two younger daughters and so on down the family line, end up with quite a deal for your original investment.
    If FB is any indication of potential revenue generating then Twit is just that, what for the big "K" offering
    24 Aug 2012, 12:35 PM Reply Like
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