FORTUNE -- Twitter (TWTR) may be a publicly traded company as of this Thursday, but for the company's 2,300 employees, it'll be largely business as usual.
"I don't think you will find any Twitter IPO parties in San Francisco," says one investor. "It's just not that kind of culture."
On Wednesday, Twitter raised $1.82 billion, pricing 70 million shares at $26 each. At that price, the company has a market capitalization of nearly $14.2 billion -- up from the $13.9 billion estimated earlier this week after the company increased its share-price range based on strong demand.
But the social network, now headquartered on Market St. in San Francisco's Tenderloin district, won't be completely devoid of celebration. According to a source close to Twitter, the company opened its doors at 5 a.m. so employees who wanted to watch the opening bell from the offices could do so. The business day will continue until 5 p.m., when Twitter plans to host an extended happy hour, dubbed "Tea Time." And while there won't be an official big bash, former Twitter Director of Platform Ryan Sarver, now a Redpoint Ventures partner, is also expected to open his bar Tradition that evening for festive employees.
Indeed, the understated approach seems to follow the philosophy of co-founder Jack Dorsey, who is said by some former employees to follow a "back-to-work" approach regardless of company milestones. It could also serve Twitter well if the company's Wall Street debut proves a rocky one. And the company is currently unprofitable, reporting a $133 million net loss on $422 million in revenues through the first nine months of 2013.
In other words? There's clearly much more work to be done.
A week after its release, the iPhone 5C has gained some ground on the more popular 5S.
FORTUNE -- The early preference for the iPhone 5S over the iPhone 5C has faded a bit in the week since their release, according to a report issued Friday by Localytics, a Boston-based mobile analytics firm.
As of Sept. 22 Apple (AAPL) was selling 3.4 units of the iPhone 5S for every 5C. By Sept. MOREPhilip Elmer-DeWitt - Sep 27, 2013 11:00 AM ET
Meet Amy Andersen. She teaches tech executives, entrepreneurs, and investors from the likes of Apple, Google, Facebook, and Salesforce how to date.
FORTUNE -- Amy Andersen was on a date. It was one of several with a venture capitalist that a friend had set her up with. On paper, he seemed ideal: mid-30s, funny, good-looking, athletic. But as they saddled up at Harry's Bar, a cherrywood-lined sports haunt in San Francisco's Pacific MOREJP Mangalindan, Writer - Mar 19, 2013 7:10 AM ET
The three-year-old San Francisco startup has an innovative service -- that works. Users around the world are signing up in droves. So why are cities like Washington D.C. trying to kill it?
FORTUNE -- You need a ride. Instead of lingering at the intersection flailing your hand in the air, you fish out your smartphone. A few taps later, Uber's slick, futuristic logo appears, a seriffed "U" hovering over a stark MOREJP Mangalindan, Writer - Feb 2, 2012 1:35 PM ET
The hunger for new IPOs may be cooling, but the valuations of tech startups had been overheated. That could mean the better candidates will slide through, but maybe at a lower price than they had been expecting.
FORTUNE -- Walk around business districts in San Francisco or Palo Alto long enough and you may forget the rest of the country is fretting over a double-dip recession. Many parts of the tech MOREKevin Kelleher - Sep 6, 2011 11:43 AM ET
Another Apple employee loses an iPhone prototype in a bar. I smell a movie script.
The tech press is never happier than when it's in hot pursuit of the next Apple (AAPL) iPhone. Almost any clue will do -- a purloined case design, a blurry factory photo, a leaked production estimate from a sketchy Asian news source.
That's what made last year's saga of the prototype iPhone 4 -- lost in a MOREPhilip Elmer-DeWitt - Sep 3, 2011 11:37 AM ET
50 stories about a rumor, followed by 20 stories about a report that the rumor is untrue
Late Thursday night, the Apple (AAPL) rumor site called, appropriately enough, MacRumors, picked up a Japanese report that the company had scheduled a special event on Wednesday Sept. 7. Could this be the launch of the long-awaited iPhone 5?
By Friday morning, MacRumors' report was the lead item on Techmeme, the online news aggregator that MOREPhilip Elmer-DeWitt - Aug 12, 2011 6:45 PM ET
Why Facebook's new Skype-powered video chat feature shows Google has what it takes to build competitive social apps. And that Facebook may have a social rival in Google.
FORTUNE -- At Facebook's launch event Wednesday, the social network unveiled three products, including group messaging, a new full-sized buddy list design and video chat. While all are welcome additions, it was that last feature that fueled rumors for weeks. Now that it's MOREJP Mangalindan, Writer - Jul 6, 2011 6:22 PM ET
Wyoming and West Virginia, at 4.19% apiece, have the lowest concentration of Apple computers
Apple's (AAPL) share of the U.S. PC market is still shy of 10%, according Gartner's first quarter 2011 report, but some parts of the country are more Mac friendly than others.
Drawing on research gathered between June 2 and 8 by Chitika's ad network, which serves more than than 70 million impressions per day, MacDailyNews reports that San MOREPhilip Elmer-DeWitt - Jun 28, 2011 6:07 AM ET
Prices are zooming in the Bay Area as startups hire and new techies flock to town.
FORTUNE -- Whether we're living through another tech bubble remains hotly contested, but there's no denying its impact on one market: rental apartments in San Francisco. With Twitter, Zynga, and numerous other local startups hiring in droves, all those newbies need somewhere to live.
In the trendy SoMa and South Beach neighborhoods, says Paul MOREJP Mangalindan, Writer - Jun 27, 2011 5:00 AM ET
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