Twitter continues surge, market cap tops $40 billion

Thursday, 26 Dec 2013 | 11:45 AM ET

Shares in Twitter rose 6 percent to a fresh all-time high on Thursday, bringing the stock close to having tripled from its November IPO.

(What are Twitter shares doing now? Click here)

With a market capitalization of $40 billion, Twitter is now more valuable than a huge chunk of the S&P 500 -- so big, in fact, that the Wall Street Journal reported it would be among the top 100 companies in the index.

The company is also far outpacing social peers like Facebook, Yelp and LinkedIn, none of whom managed nearly the same gains in their first two months of trading.

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