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CEO says Twitter not ready for public offering
Twitter is not readying a stock public offering nor is it seeking to be sold to another group, chief executive Dick Costolo said Wednesday. In an interview on the financial network CNBC, Costolo brushed aside any suggestion of an imminent initial public offering (IPO) or sale. The question of an…
Facebook tumbles, extends post-IPO slump
NEW YORK — Facebook shares tumbled nearly 10 percent Tuesday, extending their slump after the much-hyped public offering earlier this month ran into investor skepticism about the social network. Facebook closed with a loss of 9.68 percent at $28.82, dropping below $30 for the first time and ending down more…
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