Inside Scoop: Twitter's stock skyrockets Video
Inside Scoop: Twitter's stock skyrockets Video Transcript
-Hey, everyone. Welcome to the Inside Scoop. I'm CNET's Kara Tsuboi, joined by CNET senior reporter Daniel Terdiman. Welcome, Daniel. -Thank you. -Big news in the social media world, Twitter went public this morning. -Yes, they did. Yup. -Yeah, and their stock is doing pretty well. -Yeah. -It opened at, what, $45-- -$45, after being priced yesterday at $26. So, that's quite a pop. -I know you're not necessarily a financial analyst, but did those numbers surprise you? Does it-- is it surprising anyone that it is so high right now? -Well I bet it surprises Twitter. I mean, that's why they priced it at $26. But I did see some reports in the last few days that suggested, you know, $35, $40 for the shares. So, yeah, some people certainly were aware that it was gonna come out at that range. -A lot of people couldn't help but compare Twitter's IPO to Facebook's IPO a year and a half ago. -Sure. -And with Facebook, you know, we saw them dip really low to half its initial value before climbing back up. -Right. -What do you think is different about Twitter? Why are they seeing such success right out of the gate? What did they learn from Facebook? -Well, I think, first of all, they studied Facebook's IPO and saw, you know, some of the problems. One of the things, I think, is that Facebook put out too many shares, so it kind of diluted the value a little bit. -Sure. -Plus, I think, that there were just some fundamental problems with Facebook. They hadn't figured out how to make money off of Mobile, whereas Twitter it really is a pure Mobile service and everybody knows that they-- you know, that's where the eyeballs are. They say it's just on Mobile. And I just suspect that, you know, they huddled with their bankers and kind of like figured out what the problems were. They went with the New York Stock Exchange instead NASDAQ. So, they really tried to do things very differently than Facebook. -Now, Twitter might have figured out the Mobile, but at the same time they never turned a profit. -That's true. -Not once in their-- -Right. -70 years of existence. -Right. -That's gotta change now that you're public, right? -Well, they certainly have to hope so. -Yeah. -You know, if you look at their numbers, their amount of revenue has certainly been going up and I think it's, you know, gonna be double this year than it was last year. So, you know, the trend line is in the right direction. Their costs are also going up at the same time. -More hires. Yeah. -There is no guarantee they're ever gonna make money but I-- you know, I believe in Twitter. I think that the advertisers seem to be, you know signing up and believing in Twitter and, you know, there's a lot of room for them to grow. But the one problem is that they've kind of saturated the market in the United States and most of their advertising revenue comes in the United States. So if they don't figure out how to make money off of advertising internationally, that's where their big problem could be. -How does this advertising, all this growth, how does that look for the average user? What are we going to see different in our accounts? -It's really hard to say. I mean, you know, you start to those like promoted tweets and everything-- -Sure. -show up. You know, the big thing that Twitter's been doing is it's sort of like the amplified program which is partnering with the TV networks and other-- you know, like ESPN and NFL, people who create video content, and so they're figuring out how to imbed video content into tweets. And I think that's where we'll start more advertising. It'll be-- you know, I think the advertising is gonna be, you know, prominent. You know, like you wanna watch an NFL club, you'll have to go through an ad first. And so, you know, the age of a tweet just being 140 characters and nothing more, I think that's long past. -Wow. Now, assuming Twitter closes today, you know, in that steady mid 40s range, what do you think this is really going to mean for the landscape of social media sites and their public offerings in the future? -Well, it's good. You know, and if you're Pinterest or, you know, snapshots coming like that, you've gotta be, you know, likes-- chopping at the bear right now. Also, Square is-- we know, Jack Dorsey's other company-- -Yeah. -you know, they-- there was a Wall Street Journal story yesterday that said Square is starting to think about an IPO for next year. So, yeah, I mean, the market looks like-- you know, the stock market has a-- is doing very well right now. Twitter having its stock price do so well, you know, it's gotta-- it's gotta look good. -Right. And all of us here at CNET we're gonna keep a close eye on this and people around the world too, Twitter followers especially. -Absolutely. -Thank you so much, Daniel Terdiman, senior reporter for CNET. I'm Kara Stuboi. Thanks for watching the Inside Scoop.
In this Inside Scoop, CNET's Kara Tsuboi and Daniel Terdiman discuss the revelation that Twitter founder Jack Dorsey created the micro-blogging site in just two weeks. And how did Terdiman learn of this news? From a tweet, of course.
Twitter's IPO had a smooth start compared with Facebook's, even though questions remain about whether Twitter can turn a profit. But putting financials aside, CNET's Kara Tsuboi and Daniel Terdiman discuss what it means for everyday users now that Twitter is a publicly traded company.
A new video showing a dog driving a car is making its rounds online and on social-media channels. In this Inside Scoop, CNET's Kara Tsuboi and car-technology editor Wayne Cunningham discuss the motivation behind the video, how the dogs learned to "drive," and the power of social media.
The filing is in. The numbers are out. Twitter's IPO filing to the SEC gives the public the first detailed look at its financials and shows that the company is still not profitable. But is it better positioned than Facebook was prior to its IPO? CNET's Sumi Das and Daniel Terdiman have the Inside Scoop on this highly anticipated public offering.
CNET's Kara Tsuboi and Daniel Terdiman discuss Twitter's recently launched video-embedding feature. Hear the details on Vine and how Twitter arrived at the maximum length of 6 seconds per clip.
Newly released government documents show that the FBI and Justice Department believe they don't need a search warrant to review Americans' e-mails, Facebook chats, or Twitter direct messages. CNET's Kara Tsuboi and Declan McCullagh have the Inside Scoop.
An informal CNET poll finds almost half of its readers learned of Osama bin Laden's death online through social media sites like Twitter and Facebook or news Web sites. CNET's Kara Tsuboi reports.
CNET's Kara Tsuboi and Donna Tam discuss rumors of Facebook acquiring the popular mapping service Waze. Find out why this could be an appealing deal for the social-media giant and how it could better position Facebook to compete with Apple and Google.
How are the Democratic delegates getting out their party's message while at the Democratic National Convention? Are they texting like Obama? Social networking on Twitter or Facebook? Or relying on the old standards: phone and e-mail? CNET's Kara Tsuboi wanders Denver's Pepsi Center to find out.
For one day only, on September 19, people in 80 cities across the world will be converting parking spaces into mini city parks. CNET's Kara Tsuboi and Daniel Terdiman discuss the message the organizers of PARK(ing) day are hoping to send with these urban oases.