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Breakingviews: #Anticipation

Thursday, November 07, 2013 - 03:48

Nov. 7 - Breakingviews columnists discuss how Twitter’s IPO was structured as the mirror image to Facebook’s.

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Hash -- anticipation. Here we are Twitter is finally. Spread its wings is going public. But this looks like. The yen to Facebook's -- that's the -- your writing this morning. -- is they -- everything that FaceBook did for their IPO and -- pretty much the opposite since it's -- said strip mining equipment and in the fighters there actually -- leaving a lot of the table and visit him sleeping on the table seems -- like they -- the first first -- offering and then they'd be -- -- -- it's an -- ago at a much higher -- and so we're looking -- indicated -- -- -- -- -- -- forefront -- it is sold for 26 -- they started -- what was the original range and is currently sixty so basically they they -- it conservatively and start they they they were ratcheted up based on demand. Goldman Sachs. Business that is. Really my whole. There's a tightly integrated because you know now twitters on the analysts -- NASDAQ at Morgan Stanley reading it. -- -- -- that Goldman leaving it's a result is I mean if I may or may not be intentional but has positioned itself as all of these kind of dynamic forces both in the markets and the way. And any other I think it's -- distinguishes it from FaceBook is it doesn't make money. Well that it's when its interest if they they the went public -- much earlier rate FaceBook was the growth appeared at that time it was right it's slowing dramatically in there is the threat from mobile. And so investors you know is backers who were that they they were a Smart takes money out of that time. Of course face but eventually recovered -- Stopped them very well Twitter is a much earlier stage of growth that their growth is actually accelerate her and me getting in at a different point in the hockey career threatening. But everything you know there has sold as they have is also one similarity I guess they're both ultimately in the days sort of after the first day probably in both price really for perfection. FaceBook kind of grew into it a little bit in the united proved everybody wrong mobile maybe prove themselves wrong on mobile and got you know got it right. And it would be less space to grow into it Twitter right now based more your early days of the forties would really mean just they've got I mean it. Very little room. I mean you can't yeah I mean we we we we we got to count here that was -- for the other day of course. That allowed you change on the but there's so much that's based on sort of a certain amount of faith that they're gonna get an army and a profit in. Investors and when that's your -- Now they want the other distinguishing factors the into the Yang here is of course to -- yet. And when you look at what Mark Zuckerberg did he really got married the next day you have it like it. You know -- and he's been married and is that you got to go through a whole lot of planning. Perhaps even if you outsource most of my head out needs to -- -- -- so that it -- -- that yet in another bit that was it's so obvious that he was not interest he didn't care that much. Com and and he's -- he let me. Morgan Stanley slashed the insiders basically dictate the process and and so he sought to -- stole this morning was on CNBC. You know that that shows a very engaged in chief executive extremely intelligent underneath there US opens Friday and you know took to quell the that this. The Charlotte that's another distinction in the sense that the reason Twitter does not have dual class. Sheriff as FaceBook -- is largely because there's no not the founders are around. Think if it could it affect you I mean really accuracy as its chairman nice -- right but you know India's fighting force that's one point right right -- -- -- so that's it what we'll see what happens when it when it begins trading. But we are taking an internal poll here. What was your number for the -- -- 2014201. I'm 420241. Forward OK so we will be back out with more breaking news tomorrow.

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Breakingviews: #Anticipation

Thursday, November 07, 2013 - 03:48