Twitter files for US$1-Billion IPO
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE
It also outlined details of Twitter’s finances for the first time. The micro blogging site said that from 2011 to 2012, revenue increased by 198% to US$316.9 million.
"Since our inception, we have incurred significant operating losses, and, as of June 30, 2013, we had an accumulated deficit of US$418.6 million. Although our revenue has grown rapidly, increasing from US$28.3 million in 2010 to US$316.9 million in 2012, we expect that our revenue growth rate will slow in the future as a result of a variety of factors, including the gradual slowdown in the growth rate of our user base," said Twitter Spokesperson in the filing.
Twitter said that its February acquisition of Bluefin Labs, which provided social television analytics services to brand advertisers, agencies and TV networks, cost US$67.3 million, paid in common.......See More
As per the latest update, the stock market filing, lodged with the US Securities and Exchange Commission has revealed that Twitter has more than 215 million monthly active users and 100 million daily active users. Twitter has also filed for an IPO at a proposed offering price of US$1 billion.
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It also outlined details of Twitter’s finances for the first time. The micro blogging site said that from 2011 to 2012, revenue increased by 198% to US$316.9 million.
"Since our inception, we have incurred significant operating losses, and, as of June 30, 2013, we had an accumulated deficit of US$418.6 million. Although our revenue has grown rapidly, increasing from US$28.3 million in 2010 to US$316.9 million in 2012, we expect that our revenue growth rate will slow in the future as a result of a variety of factors, including the gradual slowdown in the growth rate of our user base," said Twitter Spokesperson in the filing.
Twitter said that its February acquisition of Bluefin Labs, which provided social television analytics services to brand advertisers, agencies and TV networks, cost US$67.3 million, paid in common.......See More
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