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Twitter plans to sell 70 million shares at $ 17-20 a share

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That’s right, in order to raise about 1.4 billion dollars on its IPO, Twitter updated its S-1 presentation with new data, where we can also calculate that Twitter’s total value is approximately 11 billion dollars, as commented on mashable.

In this way we see how the IPO of Twitter is significantly less than that of Facebook, which sold shares at a price of 38 dollars each and raised 16 billion from the public offering, more than 10 times what Twitter raised.

It is clear that Twitter does not want to make the mistakes that Facebook made in its departure, although in the long term we have seen how Facebook has recovered over time and has managed to exceed the value of the 38 dollars with which it started.

Twitter currently has 230 million monthly active users and 100 million active users per day, it still has a long way to go to become a Facebook, although from my point of view they are different concepts that are playing in different leagues, for What I do not think should be considered as a race for leadership in social networks and as a fight so that social networks and content networks can coexist in harmony.

Twitter will launch on the New York Stock Exchange under the symbol TWTR, probably on November 15.