Gerry's Feed
Nov 18, 2013 quarterly revenue rises to $1.08 billion

SAN FRANCISCO (Reuters) – Inc (CRM.N: Quote, Profile, Research, Stock Buzz) on Monday said quarterly revenue rose 36 percent to $1.08 billion, narrowly beating Wall Street expectations, as its June acquisition of email marketing firm ExactTarget boosted sales.

Excluding certain items, the cloud-computing company earned 9 cents per share in its fiscal third quarter, ended October 31, in line with analysts’ consensus, according to Thomson Reuters I/B/E/S.

Nov 15, 2013

Twitter introduces self-serve ads outside U.S.

SAN FRANCISCO (Reuters) – Twitter Inc said on Thursday it would introduce self-serve ads for small- and medium-sized businesses in three countries outside the United States, marking one of its first moves to expand revenue as a publicly listed company.

Businesses in the United Kingdom, Ireland and Canada will be able to buy “promoted” ads that can be shown to targeted Twitter users beginning this week, the company said.

Nov 13, 2013

Dropbox improves corporate features amid new competition from Amazon

SAN FRANCISCO (Reuters) – Dropbox Inc on Wednesday unveiled what it described as one of the most comprehensive upgrades to its service for businesses, including a feature that allows users to easily maintain both personal and corporate accounts.

The new features come at a time when large rivals like Microsoft Corp and Amazon Inc and smaller competitors are battling to win the cloud-storage market, which is widely seen as a strategic linchpin in the era of mobile computing.

Nov 8, 2013

Twitter shares soar in frenzied NYSE debut

NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc shares jumped 73 percent in a frenzied trading debut that drove the seven-year-old company’s market value to around $25 billion and evoked the heady days of the dot-com bubble.

The strong performance on Thursday is encouraging for the venture capitalists who have backed other consumer Web startups, such as Square or Pinterest, though it sounded alarm bells for some investors who cautioned that the froth was unwarranted.

Nov 7, 2013

Twitter shares nearly double in frenzied NYSE debut

NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research) shares soared as much as 92 percent on their first day of trading on the New York Stock Exchange, an extraordinary debut that drove the seven-year-old company’s value to more than $25 billion and evoked comparisons to the dot-com bubble of the late 1990s.

The stock opened at $45.10 a share shortly before 10:50 a.m. (1550 GMT) on Thursday, up from the initial public offering price of $26 set late on Wednesday. It quickly hit a high of $50 before retreating to $47.70 by the afternoon, up 83 percent.

Nov 7, 2013

Twitter shares indicated at between $42 and $46 a share

Nov 7 (Reuters) – Twitter Inc shares were indicated
at between $42 and $46 in a sign they would rocket higher in
opening trade as investors bet on potential growth at the
money-losing social media company.

If the shares start trading at $42, that would amount to a
62 percent jump from the $26 initial public offering price set
on Wednesday, making it the biggest in a series of huge opening
day “pops.”

Nov 7, 2013

Twitter set for volatile debut after IPO raises at least $1.8 bln

Nov 7 (Reuters) – Twitter Inc could face volatile
trade in its debut Thursday on the New York Stock Exchange,
analysts said, but they remained enthusiastic after the
money-losing social media company priced its IPO above the
expected range.

The microblogging network priced 70 million shares at $26 on
Wednesday evening, above the targeted range of $23 to $25, which
had been raised once before. The IPO values Twitter at $14.1
billion, with the potential to reach $14.4 billion if
underwriters exercise an over-allotment option.

Nov 7, 2013

Twitter prices above range to raise at least $1.8 billion

By Olivia Oran and Gerry Shih

(Reuters) – Twitter Inc priced its initial public offering above its expected range to raise at least $1.8 billion, in a sign of strong investor demand for the most highly anticipated U.S. public float since Facebook Inc.

The microblogging network priced 70 million shares at $26, above the targeted range of $23 to $25, which had been raised once before.

Nov 5, 2013

Condo vote stirs passions over San Francisco’s haves and have-nots

SAN FRANCISCO, Nov 5 (Reuters) – The plans for the 8
Washington condominium project show 134 luxury units rising from
San Francisco’s famed waterfront – a gleaming testament to a
local economy in roaring good health.

But not everyone in this booming tech hub is cheering.

San Francisco voters on Tuesday will decide whether to
proceed with 8 Washington, the focus of a bitter, two-year-long
political tussle that has been framed, accurately or not, as a
proxy fight between the growing camps of the haves versus the

Nov 4, 2013

Twitter boosts IPO range amid strong investor demand

NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc raised the top end of its IPO price range by 25 percent and will close its books a day early, signaling strong demand for the most closely watched Silicon Valley debut since Facebook Inc last year.

Amid a red-hot market for initial public offerings and soaring equity markets, Twitter raised its price range to $23 to $25 per share on Monday, but kept the offering size at 70 million shares. That means it will raise up to $2 billion if an overallotment option of 10.5 million shares is exercised.