Twitter plans public offering

According to media reports, Twitter is planning to join the stock market soon. The company has already submitted an S-1 to the  US Securities Exchange Commission (SEC). An S-1 is the official paperwork needed to be listed in the stock market. Twitter was founded in 2006 and is currently valued at US$ 10 billion.

The company has not given any further details about the timing or the price offering yet. The microblogging service is expected to record US$ 583 million in revenue this year compared to US$ 288 million in 2012. Majority of Twitter’s revenue comes from advertising.

Twitter currently has 200 million active users. More than 75% of its users access the service via mobile devices. Twitter had recently acquired MoPub, a mobile-focused advertising exchange for US$ 350 million.

image source: AP

news source: AP

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS