Twitter shares make dazzling debut

Shares in Twitter have gone on sale to the public for the first time, instantly leaping more than 70% above their offering price in a dazzling debut that exceeded even Wall Street’s lofty hopes.

By the closing bell, the social network that reinvented global communication in 140-character bursts was valued at €31bn (423bn) – nearly as much as Yahoo, an internet icon from another era, and just below Kraft Foods, the grocery conglomerate founded more than a century ago.