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Showing posts from November, 2013

Twitter's IPO Conjures Shining City on the Hill

This morning's initial public offering of Twitter's common stock was brilliant in that it allowed a level of transparency that was sorely missed when Facebook debuted in May 2012. CNBC reporter Bob Pisani (@BobPisani) was at the post alongside the New York Stock Exchange's Scott Cutler (@CutlerScott) to allow a level of public access to an event that has long been shrouded in mystery. "Ten million at 35," barked the designated market maker from the pit through every TV tuned in to this historic event as NYSE CEO Duncan Niederauer stood nearby Twitter CEO Dick Costolo (@dickc) so that the public was being informed alongside the investment community at the same time, which to me exemplifies what Twitter's all about.

I recall when events unfolded in Tahrir Square and later in Damascus as news organizations and citizens from around the world learned first-hand from eyewitness accounts via Twitter that this social media application had become a legitimate source …