NEW YORK—Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street's lofty hopes. By the closing bell, the social network that reinvented global communication in 140-character bursts was valued at $31 billion—nearly as much as Yahoo Inc., an Internet icon from another era, and just below Kraft Foods, the grocery conglomerate founded more than a century ago. The stock's sizzling performance seemed to affirm the bright prospects for Internet companies, especially those focused on mobile users. And it could invite more entrepr...
Keep on reading: Dazzling Twitter debut sends stock soaring 73%
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