There’s plenty of stuff in this world the Informer doesn’t understand and how companies that make no money can rake it in from a stock market floatation is one of them. The Twitter founders buzzed the bell at the New York Stock Exchange on Thursday and released 70 million shares to the frenzied masses. Despite opening at $26, the market closed at almost $45, with the company reflecting a market value of more than $31bn. The company’s valuation ahead of the IPO was closer to $17bn.
German carrier Deutsche Telekom has announced a strategic partnership with Twitter, allowing subscribers with selected Android smartphones to keep up with the social site directly from their home screen. The service will launch next year, initially in Germany, the Netherlands, Romania, Greece and Croatia.
Apple has acquired social media analytics company Topsy in a deal reportedly worth around $200m, it was revealed Tuesday. With one of the few companies with privileged access to all of Twitter’s data now in Apple’s arsenal, the move could signal a renewed push into the enterprise as well as bolstering its consumer proposition.
With Twitter’s IPO set to go live later today the company has priced its shares at $26 each, higher than the expected range of $23-25. With 70 million shares on offer the company is looking to score around $1.8bn in proceeds with a 30 day option for another 10.5 million shares to be sold.
Microblogging site Twitter has launched a feature to help its users receive important and accurate information from credible organisations during emergencies, natural disasters and times when other communications services aren’t accessible.
Microblogging site Twitter has announced it has agreed to acquire mobile-focused advertising exchange MoPub. MoPub’s technology lets mobile application publishers manage inventory and optimise multiple sources of advertising, such as direct ads, house ads, ad network, and real-time bidding, through the MoPub Marketplace, in a single product.
Social network Twitter is on the hunt for almost 90 engineers and while many of the positions are focused on traditional remits like Android, Linux, and Cloud, several other roles up for grabs seem to indicate that the company is preparing for an IPO.
Mobile operators are increasingly seeing the value of partnering with Over The Top (OTT) service providers to mutual benefit. This week Indian carrier Reliance Communications struck a deal with social network Twitter to effectively subsidise data access for a limited period of time.
The CEOs of Apple and Samsung, Tim Cook and Choi Gee-sung, have agreed to hold settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing. Meanwhile, Twitter has announced that it will begin a policy of not using patents as a tool to impede the innovation of others.
Social network Twitter has acquired microblogging platform Posterous for an undisclosed sum. Posterous offered similar, but less well known services. The purchase appears to be focused on the talent pool available at the company.
Social site Twitter has acquired a small mobile security firm specialising in secure tools for Android. The purchase seems a strange fit but it has been suggested that the talent that comes with the company is what Twitter is really after.
The number of mobile text, picture and video messages sent worldwide will surpass 7.5 trillion in 2011, according to research firm Ovum, marking a 12.5 per cent increase on the 6.7 trillion sent last year.
Startup social network analytics engine Backtype has been acquired by Twitter for an undisclosed sum, giving users of the micro blogging platform greater insight an accountability of their social initiatives.
Social networking heavyweight Twitter on Thursday confirmed its acquisition of TweetDeck, a dashboard application for monitoring tweets and topics on the site.
Earlier this week the seventh annual LTE World Summit 2011 took place at the RAI, Amsterdam on the 17th-18th May 2011. The event proved a great success, attracting over 1,750 attendees, with speakers representing more than 160 operators from more than 110 different countries. Like LTE itself, this was a truly global event.
NTT DoCoMo has announced a deal with Twitter that will see the pair working on the development of location-based and other mobile services. According to DoCoMo, one of the envisioned services will “bring richer search results” to users through the use of Real-Time Tweets.
Twitter co-creator Jack Dorsey’s latest venture, Square – a credit card reader add on for smartphones – has won funding from an unlikely partner –Visa.
Yahoo has acquired TV tagging start-up IntoNow in a deal reported to be worth between $20-30m. The purchase is expected to bolster the firm’s video and social content offerings. IntoNow, which only launched at the end of January this year, has developed a free iPhone application that allows users to share instantly the programmes they are watching with Facebook and Twitter friends as well as iTunes and Netflix. The expectation is that an Android version of the application will now be developed.
Jack Dorsey, the co-founder of micro social network Twitter, is returning to the company as product lead and executive chairman. Dorsey quit the CEO position in October 2008 to be replaced by cofounder Evan Williams. Some say Dorsey left because Twitter was struggling to meet demand and others because it wasn’t making money. Either way, Williams was replaced in October 2010 by Dick Costolo, who was charged with making the company generate some cash.
Popular social network provider Twitter continues to make inroads in the mobile space, winning support from the GSMA and mobile services firm Neustar, in a deal that will give twitter subscribers a level of redundancy in their service.