Twitter's initial public offering price is set to debut today - and the company's founders and investors are poised to strike gold.
The founders are likely to make billions. “There were several rounds of funding for Twitter along the way when it was a nascent little social media company, and then as it got bigger and bigger, so…some of these venture capital firms will make hundreds of millions of dollars,” CNN Chief Business Correspondent Christine Romans reports.
Even some celebrities are getting in on the windfall.
Twitter was always popular among celebrities who were looking to burnish their reputation, and using it as a way to talk to fans and to grow their influence, but celebrities are also among some of the company’s early investors.
“For the rest of us, real people, do you buy it tomorrow?” Romans asks.
“Remember, all these people I'm telling you about are going to make a fortune right now, from investments they already made. They invested in Twitter before it was a public company. Now it's your turn to decide if you want to buy it for the long term.”