After Twitter’s hot IPO, now comes the hard part

After Twitter’s hot IPO, now comes the hard part

NEW YORK (AP) — Twitter’s stock took to its wings in its public debut, closing up more than 70 percent Thursday. The day flew by with nary a hitch and gave birth to a new batch of Silicon Valley millionaires – even a few billionaires. Now comes the hard part. With Twitter’s value skyrocketing in just a day, the 7-year-old company that’s never turned a profit and has just a fraction of Facebook’s user base must prove to investors that it’s worth the money. Twitter stock ended Thursday’s trading at $44.90, giving the company a market value of $31 billion. That’s $13 billion more than on Wednesday night, when the company set its IPO price at $26.