For the non-Tweeps among us, Twitter is the microblogging website that has revolutionized how people connect with each other and receive news online. If Facebook is the Cadillac of social media sites, Twitter is the Porsche — smaller, sleeker, faster.
The first day of sales of Twitter stock proved an overwhelming success for investors. The 7-year-old company is now worth $31 billion. Twitter stock closed Thursday at nearly $45 a share, 73 percent above its initial public offering price.
And those who tweet? Well, despite Thursday’s developments on Wall Street, there are not as many of us as you’d think. (Follow The Star: @annistonstar.) A recent Associated Press poll showed that only 1-in-5 Americans use Twitter, and of those with Twitter accounts, 29 percent never tweet. Twitter has 232 million users worldwide, while Facebook has 1.2 billion.
In other words, Twitter is a billion-dollar company whose major investors are filthy rich but whose real-world reach isn’t as wide as you’d think.