Twitter, Groupon, Facebook: Tech Premarket
NEW YORK (TheStreet) - Shares of Twitter
The company's shares started trading at $45.10 on the New York Stock Exchange shortly before 11 a.m. EST on Thursday. At market close, the San Francisco-based firm had a market cap of $24.46 billion.
Excluding items, Groupon earned 2 cents a share, just above analysts' forecast of a penny a share. The numbers initially sent shares of the daily deals site down more than 5%, before they bounced back in premarket trading on Friday.
After market close on Thursday, Groupon also announced a $260 million deal to acquire Ticket Monster, a Korean e-commerce company owned by LivingSocial.
Groupon was one of the most active premarket Nasdaq stocks on share volume of 946,081.
--Written by James Rogers in New York.
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