This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nasdaq Can Kiss Twitter Goodbye

Costolo, 49, has been a steady hand at the helm of Twitter, as he turns the company from a way to share thoughts, news and funny remarks into a media powerhouse. According to research firm e-Marketer, the San Francisco-based Twitter is expected to generate $582.8 million in advertising revenue this year, and close to $1 billion 2014. Costolo is responsible for keeping the perception of the company high, as brands look to the service to advertise to consumers.

Costolo will do what he can to make sure that Twitter doesn't suffer the same market cap drop that happened to Facebook. Part of that decision will be choosing what exchange to put its listing on.

The Nasdaq will eventually recover from this, as CEO Bob Greifeld continues to make the media rounds, informing people that the right precautionary steps were taken. However, this is another blow to the reputation of the exchange itself, and that recovery may not come in time for the Twitter IPO.

-- Written by Chris Ciaccia in New York

>Contact by Email.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
FB $78.81 -0.23%
NDAQ $49.62 1.16%
AAPL $128.70 -0.19%
GOOG $540.78 0.54%
TSLA $230.51 1.98%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs