On Nov. 7, the New York Stock exchange rang the day open with a bell, as usual. Behind the bell ringers was a large poster with a white silhouette of a bird; it was the day Twitter’s stocks were going public.

Twitter ($TWTR) began the day chirping in at $45.10 a share as its initial price, opening 73% higher than its price on the private market the previous day. This gave the company an estimated value of 14.4 billion dollars, which many experts considered overpriced, especially considering Twitter has operated at a financial loss for all seven years of its existence.

However, according to the Wall Street Journal, Twitter’s revenue is expected to increase six to seven times current rates in the coming years. Could the stock still be a buy?

SMSU’s Associate Professor of Finance Dr. Matthew Walker thinks there are better stocks to invest in. “Here’s the problem- You never really know with initial public offerings until they’re over with.”

Walker also cited Twitter’s lack of profit as another problem, saying “They don’t really have revenues. They aren’t generating positive income. To me, Twitter is more uncertain than Facebook.”
As of the market closing on Nov. 18, Twitter was priced at 41.14, down almost 9% from its initial public release.