10 things you need to know today: November 7, 2013

Twitter stock goes on sale, a top HealthCare.gov official retires, and more

Twitter
(Image credit: (AP Photo/Mark Lennihan))

1. Twitter boosts its shares' price before its IPO

Twitter priced its initial public offering of stock at $26 a share, giving the microblogging site a value of $14.4 billion. The 70 million shares begin trading Thursday on the New York Stock Exchange. Despite years of negative cash flow, the company boosted the price at the last minute from an earlier range of $23 to $25. The deal is set to raise as much as $2.1 billion, making it the biggest tech IPO since Facebook's last year. [Wall Street Journal]

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.