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Twitter IPO: Guess Who Just Got Rich

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It may not be the first of the month, but a handful of Twitter execs and investors just got paid. A lot

Twitter ($TWTR) shares finally hit the open market Thursday, far outperforming the company’s target price of $26 per share announced Wednesday afternoon. Stock in the microblogging site hit $45.10 per share at the opening bell, hovering around $45 throughout most of the day, then closed at $44.90

The price hike had a particularly positive impact on the wallets of a number of Twitter execs and early investors. Of course, the executive team and early shareholders are required to hold the stock for at least 180 days following the IPO, meaning these earnings are subject to change Read more…

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