Well-known social media site, Twitter, has gone public and is Wall Street’s newest addition.

According to the Associated Press (AP) Twitter is “leaping more than 70 percent above their offering price.”

AP reports that at the opening bell, Twitter was valued at $31 billion – more than Macy’s and roughly comparable to the parent company of KFC and Pizza Hut or tractor and tool maker Deere & Co.

“I don’t think they will do very well,” senior Nash Rossi said, “Facebook was valued pretty high but dropped days later.” Twitter has changed the way we communicate and how we gather and receive information.

“Twitter has changed throughout the years. Instead of reading how my friends test went, I can read about what’s happening around the world,” senior Allie Potter said.

Many business, schools, and even politicians use the social media site to get their messages or campaigns out to the public. Businesses like General Mills, Target and 3M are on the site and even Minnesota’s own, Congressman Erik Paulson, has a Twitter.

Twitter’s shares are starting at $26 per share and is valued at 18 billion dollars as of now. Facebook Inc. was valued at $104 billion dollars when they started up on Wall Street.

Twitter is not only on our phones and laptops but now it is the newest member on Wall Street.

Pete Makarov is the Editor-in-Chief Online for The Spartan Speaks