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Twitter's stunning turnaround | cnn.com



http://money.cnn.com

Twitter is one of the hottest stocks on Wall Street this year -- and now the company is hoping to cash in by selling $1 billion of bonds that can eventually convert into Twitter stock. The offering is geared toward big institutional investors, such as mutual funds and hedge funds. Twitter priced the offering on Thursday, and shares fell 2.5%, possibly because more stock hitting the market could dilute the value of existing shares.

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