How much does Twitter owe you?
The Twitter logo on the floor of the New York Stock Exchange on Friday. (Brendan McDermid/Reuters)
Twitter went public on Thursday and the value of the company immediately surged 73 per cent to $24.9 billion.
Nearly 230 million users generate 500 million tweets every single day and the predicted mobile ad revenue is $627 million, according to Bloomberg.
But the question is: Does Twitter owe you money?
Data heads at Time Magazine have made a compelling argument that the 230 million users should receive a piece of the pie. Twitter stock opened Thursday with an IPO of $26 but by the end of the day, the stock closed at $44.90.
Time says if the 500 million tweets are seen, on average, by 400 people each day, "a $24.9 billion value divided by 200 billion tweet deliveries a day comes out to 12.45 cents per daily eyeball on the site."
I plugged in my Twitter handle and checked it out. Seems as though Twitter owes me $374 - not enough to retire on, but enough to buy one damn fine pair of shoes.
Time to pay up Kirstine Stewart.
Tanya Talaga is the Star's global economics reporter. Follow her on Twitter @tanyatalaga