The Twitter IPO was for $2.09 billion, 80.5 million shares; however, the book mentioned $8.2...

90.2K

Verified Solution

Question

Accounting

The Twitter IPO was for $2.09 billion, 80.5 million shares; however, the book mentioned $8.2 billion and 194 million shares were traded shortly thereafter. (1) How could this have happened, given that Twitter issued only 80.5 million shares, and (2) provide your insight about what the author meant regarding the benefits to society.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students