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About Us & RulesTwitter looks to raise a bundle in IPO
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Twitter looks to raise a bundle in IPO
by Ben Reilly Thu Oct 03, 2013 11:38 pm
(Hmmm, isn't Twitter the preferred communications tool for large activist movements as well?)Twitter Inc will seek to raise $1 billion in the largest Silicon Valley IPO since Facebook Inc's 2012 coming-out party, according to an IPO filing made public on Thursday.
The eight-year-old service, the preferred communications tool for celebrities and politicians alike, gave potential investors their first glance at its financials.
Revenue almost tripled to $316.9 million in 2012, from $106.3 million in 2011. It said about 65 percent of its revenue derives from mobile users. But the company has not made a penny in profits since 2010.
http://www.reuters.com/article/2013/10/03/us-twitter-ipo-idUSBRE99212820131003
Ben Reilly- King of Texas. Gigantic Killer Robot. Robin Hood of Epping Forest. Fifty Shades of Cray.
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