Recapping the day's news and newsmakers through the lens of CNBC.
Thursday's the big day—the Twitter IPO. If you'd like to grab some of those shares right at the starting gate. ... well, good luck. The investing pros will probably get them all. But that may be a blessing, as financial experts polled by CNBC suggested this initial offering, like many others, is pretty risky. Demand has been so high that the shares are likely to start trading at $27, up from the $23 to $25 range expected just days ago. All of the 20 financial advisors on the CNBC Digital Financial Advisor Council who were polled said they would not recommend the stock at that price. They cited the high risk of IPOs in general, and the growing competition Twitter faces in social media.
"We're talking about a company that doesn't have income. They have revenues, but they don't have profits at this point."—Barry Glassman, president and CIO of Glassman Wealth Services