Viral Flash Reports

When Twitter Went Public, Confused Investors Bought The Wrong Stock

We’re living in the era of meme investing, when stock prices suddenly balloon for reasons unconnected with how much the company’s worth. The era started approximately as soon as the stock market began. It kicked into high gear during the ’90s tech boom, and it came back again during the next tech boom, the rise of social media. In November 2013, Twitter was about to go public for the first time, and its shares would sell for about $45 at the end of its first trading day. One…