Twitter IPO drop? Depends on how you look at it

This final note today is about a company you may have heard a little about recently.

 Twitter priced its shares at $26 — last night.

The market, this morning, decided they were worth way more than that: The first trade was at $46.

The closing price $44.90.

So, if you think about it, the biggest IPO of the year actually lost ground on its first day of trading.