Wednesday, October 16, 2013

Twitter's Loss Widens; Picks NYSE for Public Listing - WSJ.com

Interesting times for Twitter and its investors

“Twitter's choice of the NYSE was a setback for Nasdaq OMX Group Inc. whose Nasdaq Stock Market has historically been the home for many technology shares. Nasdaq last year oversaw Facebook's glitch-filled IPO.

Twitter executives have sought to avoid some of the pitfalls that befell Facebook, people close to the company have said.

"This is a 180 [degree turn] from Facebook," said Patrick Healy, chief executive of Issuer Advisory Group LLC, which advises companies on stock-exchange issues. "It's Twitter's way of saying, 'don't paint me with the same brush.'"”

Twitter's Loss Widens; Picks NYSE for Public Listing - WSJ.com

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