As Twitter Inc (NYSE:TWTR) noted, its current userbase (in terms of monthly active users) is around 230 million, compared to total Internet users of 2.4 billion, representing an opportunity to grow user penetration. Plus, the number of Internet users is expected to grow to 3.5 billion in 2017. For reference, Facebook currently has 1.2 billion monthly active users, reaching ~50% of all Internet users. Smartphone use is expected to grow to 3.7 billion in 2017. Twitter’s short format is well-optimized for smartphone use, and the company could be positioned to capture a large share of the smartphone user market. Twitter Inc (NYSE:TWTR) stock opened at $57.50 in last session, and closed at $57.00, while the day range of stock is $55.87 – $58.76. The stock showed a negative weekly performance of -17.39%.
The Wall Street Journal reported that Moelis & Co, an investment bank based in New York, is working on a possible initial public offering together with Goldman Sachs Group Inc and others. The report said the bank is putting together the paper work for its public debut and that it is being advised by law firm Skadden, Arps, Slate, Meagher & Flom LLP and others. Goldman Sachs Group Inc (NYSE:GS) stock opened at $177.40, in last session and closed at $178.39, by gaining 0.56%. The 52 week range of the stock is $135.12 – $181.13. Company’s market capitalization is $80.85 billion.
Apple Inc. (NASDAQ:AAPL)’s next-gen iPhone or the iPhone 6 has been in the news since before the company even launched the iPhone 5S and 5C. Week after week, there have numerous reports and rumors claiming that various features might be included in the iPhone 6. Apple Inc. (NASDAQ:AAPL) stock decreased -0.67% and finished the last session at $532.94. The EPS of the stock remained 39.63. Company’s market capitalization is $479.51 billion.
Tesla Motors is about to mail off a lot of packages. The California-based electric vehicle manufacturer is going to send out replacement, upgraded wall charger adapters to customers with official Tesla charging units. Tesla Motors Inc (NASDAQ:TSLA) stock opened the session at $148.46, and closed the session at $145.72. The 52 week range of the stock remained $32.11 – $194.50 and the day range was $142.25 – $148.90.