Gadgetory

Twitter announced the start of training today with a simple tweet ring but top may have been appropriate twitter shares opened at $45 more than seventy percent higher than the twenty-six dollars per share price Twitter set with that pricing twitter is now valued at more than 30 1 billion dollars the initial price poppet came about an hour after the opening bell rung by three twitter users Star Trek actor Patrick Stewart a nine-year-old activist Vivienne Harr and a Boston police officer the IPO made instant billionaires of its founders who were at the stock exchange and instant millionaires of some of its employees many who celebrated from the San Francisco headquarters and the event was of course shared on Twitter launched in 2006 Twitter both surround 232 million monthly users worldwide everyone from the Pope to President Obama to Taylor Swift and have made the term hashtag a pop culture phenomenon hashtag is it friday yet but twitter has yet to make a profit this highly anticipated public offering comes a year and a half after Facebook's disastrous IPO initially selling for thirty-eight dollars a share a dip to a low of seventeen dollars and took more than a year to rebound back to its IPO price one of the Facebook's biggest problems was that they hadn't figured out how to make money off of mobile twitter on the other hand is a service is really built for mobile and it always has been and they've got a lot of advertising on mobile now that twitter has shareholders to answer to will users be seeing any changes certainly you're going to see more embedded videos and you know ads that will be at the beginning and probably the end of videos so if people want to get that rich content on twitter they're going to have to look at more advertising now investors and twitter we'll wait and see if in the long run the stock is hashtag successful in San Francisco I'm Kara Tsuboi cnet.com for CBS News you