Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Wednesday, November 27, 2013

Twitter leaves more than $1 billion on the table



Twitter made a ton of money from its IPO, but its bankers got the better deal.

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FORTUNE -- Twitter began trading this morning at $45.10 per share, after pricing its IPO last night at $26 per share. Or, put another way, Twitter (TWTR) left more than $1.3 billion on the table. Or, put even another way, more than twice what the company will generate in revenue this year.

As I type these words, Twitter stock has now topped $50 (bumping my $1.3 figure up to nearly $1.7 billion -- amazing, given that the actual IPO only raised $1.82 billion).

Twitter itself obviously wanted a bit of price pop for PR and employee morale purposes, but here's something else employees could be thinking about today: Had Twitter priced at $45.10 per share and used the extra proceeds to give out holiday bonuses, it would have worked out to more than $580,000 per employee. 


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Year-to-Date






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    By Dan Primack November 7, 2013 

    Read more @ Source:  http://finance.fortune.cnn.com/2013/11/07/twitter-leaves-more-than-1-billion-on-the-table/
     
     
     
     
     
     
     
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