Twitter Unveils IPO Filing; Aims to Raise $1 Billion

Twitter will seek to raise $1 billion in the largest Silicon Valley IPO since Facebook’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. The filing also said about 65 percent of its revenue is from mobile users. …

Powered by WPeMatico

This entry was posted in Business. Bookmark the permalink.

Comments are closed.