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The Big News of The Day: Twitter to go public.

Twitter released a tweet yesterday stating that it will soon become a publicly traded company. Reports that it would be listed on the NYSE. It is expected that the company will be selling its IPOs at $26-$28 giving it a valuation of about $14 billion.

Other social networking IPOs are doing very well, Facebook (NASDAQ:FB) closed at $44.75 yesterday and LinkedIn (NYSE:LNKD) closed at $249.70. Both these companies have very high valuations and little or no earnings. Will Twitter be just as valuable?