The Twitter IPO is even bigger than you think

  @FortuneMagazine February 28, 2013: 9:20 AM ET
PRI18 twitter ipo
(Fortune)

When Twitter eventually goes public, it will be carrying the weight of the entire consumer Internet sector on its shoulders. Several years ago Twitter was one of four privately held consumer Internet companies that helped spark a startup renaissance (or bubble, depending on your viewpoint). The others were Facebook, Groupon, and Zynga. This quartet was indirectly responsible for the creation of online platforms for trading private company stocks. They were the reason that anyone who ever worked at Google suddenly fancied himself a freelance venture capitalist. Their sure-fire success sparked federal legislation to enable ordinary folks to crowdfund the next big thing. But a funny thing happened on the way to the afterparty: Groupon and Zynga both face-planted in the public markets, while Facebook's IPO was widely characterized as a dud (even though it raised a record $16 billion).

Join the Conversation

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.