Twitter’s Initial Public Offering
The micro blogging site Twitter has become a publicly traded company as of Thursday this week. Its price jumped from $26 a share on opening to $48 almost immediately. There is a lot of interest in this hot stock right now. TWTR ended this week at $42 a share. The Twitter IPO raised over $2 billion, the 2nd largest for an internet company. Even more than Google. Not bad considering Twitter isn’t even profitable yet 😕 I plan to invest in Twitter some time in the future, but it’s still too early for me now.
Best Deal of the Year
Future Shop is having a special trade-in offer this weekend that can’t be missed. Bring a copy of any used Xbox 360, PlayStation 3, Wii U, or 3DS game to a Future Shop this weekend and you can trade it in for a brand new copy of: Assassin’s Creed IV, Call of Duty: Ghosts or Battlefield 4 for current generation consoles. This means you can bring them a copy of NHL 10 for the PS3, that you’ll probably never play again, and take home a copy of Call of Duty: Ghosts. Even if you’re not a gamer yourself you can give away these new games as gifts and your recipient will think you paid full retail price for them at $60 each 😉 Or you can always just resell the games for profit. Here’s one way to do it.
- Step 1: Go to a used games store like EB games (GameStop equivalent) and buy any used Xbox 360 game for $10
- Step 2: Take your used game to Future Shop & trade it in for 1 of the 3 new titles, eg: Assassin’s Creed IV for the Xbox 360
- Step 3: Sell your new Assassin’s Creed IV game on Ebay
- Step 4: Profit 😀
Over half a dozen Assassin’s Creed IV copies have sold on Ebay.ca over just the last 24 hours alone. The cheapest one was sold at $54.02, and the average sold price was about $57, or slightly below MSRP. This means if you price your game at $50, you’re almost guaranteed to sell it right away 😀 That’s a $40 profit you made, or 400% return on your $10 investment! Wow 🙂
And if you do this every day over this long weekend, you’ll have $40+$40+$40 = $120 by the end of Monday 😉 I’ve heard this deal is also going on at Best Buy so if you hit up both stores you could double your earnings to $240! If you feel bored this weekend and want to make some easy money, there you go 😉
Here’s a creative way to eat your bacon, eggs, and toast in the morning.
Ingredients: See previous sentence.
Instructions: Follow the visual guide below and bake until it looks like the final image.
[Edit 1:10 pm PST] Apparently the news about the trade in deal on my blog has generated massive gatherings of people across Future Shops and Best Buys across the country. [/edit]
Twitter hasn’t made a profit in 7 years. Where do you think the money will come from? A stock is to make a profit, otherwise, it’s just fun and games until it crashes.
That’s why I’m skeptical about their current business model. There’s no plan to turn a profit yet lol. I think Twitter should have a premium service where people can use up to 200 characters in one tweet. Businesses and heavy users might sign up for that idea.
That’s a pretty great deal on new games! I’m actually tempted to do this if I can find some time this weekend…
And they’re all pretty decent games too :0) I haven’t gone yet. Maybe I’ll head out later today.
How cute are those little breakfast cups? I need to get some oven safe dishes so I can give that a try.
Good luck 🙂 I normally don’t have the patience to make these things, but it sure looks appetizing.
now their a plc they will start ramping up the sponsored tweets and other advertising – until they get to the point where it turns people off
I wouldn’t invest in any social networking site – too fragile a business model – relying on fickle public support
There are certainly no shortage of overvalued stocks in the tech sector right now 🙂
Google replaced every library system in the world… Facebook, allowed families far and wide to connect with updates… Twitter does what? Allows us to instantaneously know what someone is doing? And that is value added to me how? I own none of the above mentioned, as they are all fluff in our world. I use Google and am grateful for what it does, although there are several other search engines out there that are better and find things Google cannot. I Facebook updates, quarterly (more biannually) for family and friends at a distant, just because people like to know hat we’ve been up to… But why would I want to tweet to the world what I just ate or where I am at. Sorry, I just don’t get it, and well I don’t own a cell/smart phone so maybe that is part of the answer… I believe almost all of these companies really are driven by greed potential, which never materializes, so in the end management, just sell on the way up and then move on to the next scheme to suck money from unsuspecting public. – Cheers.
I don’t own a smart phone either so I don’t use Twitter or Facebook on the go. The only social media company that is worth looking into for me is Google and LinkedIn at this point. I have Google shares already, their earnings growth in the last 10 years has been amazing, mostly from predictable revenue sources, but LinkedIn shares seem to be more driven by speculation right now. I think a good way for many people to invest in tech stocks is to hold a mutual fund or ETF that tracks the Nasdaq overall 🙂
I was thinking of doing a bit of investing in Twitter but I don’t know. Since it’s not profitable yet I’m a bit wary.
You’re not the only one 🙂 There will probably be a time eventually when Twitter makes more money than it spends, but until then the case to invest in them seems speculative at best.