Twitter has finalized its share price for tomorrow’s initial public offering at $26. This will enable the company to raise close to $2 billion, significantly higher than the $1.4 billion to $1.7 billion that Twitter initially filed for, and this will give Twitter a stock market valuation of about $14 billion.
Update: This version of the story corrects an earlier reference to Peter Fenton’s holdings of Twitter shares.
From Odeo and podcasts to a hackathon and the first seeds of what would become a globe-spanning social network, the Twitter creation story is perhaps the best-known example of the now-legendary startup pivot, the change that makes all the difference.
“Please keep your questions focused on Techonomy,” one of the media handlers said.
Editor’s Pick Jack Dorsey confessed something on stage here at Techonomy Detroit today: He hacked into the world’s largest dispatch company’s email system in order to get a job.