Wednesday, April 16, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Smartphone Makers, Carriers To Support Anti-theft Initiative
Samsung Galaxy S5 Carries A Very High Bill of Materials
Intel's Quarterly Net Better Than Expected
Researchers Hack Galaxy S5's Fingerprint Scanner
Pioneer's Car Multimedia Systems To Support Apple's CarPlay
Broadcom Doubles Wi-Fi Speed of Devices
Sony Offers New BRAVIA 4K TV Line-Up, Media Player and Content Options
Corning USB 3.Optical Cables Now Available
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Twitter...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, October 04, 2013
Twitter Reveals Plans For $1 Billion Public Offering


The San Francisco-based online social networking company Twitter has revealed plans for a $1 billion public offering, giving potential investors their first glance at its financials and the largest shareholders behind one of the most-anticipated stock debuts of the year.

The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for its debut.

Twitter's target is to raise $1 billion, a figure that will change as the company is trying to sell its IPO to investors. Twitter?s initial public offering documents suggested a valuation of $12.8 billion for the microblogging service.

In the filing, Twitter reported that revenue almost tripled to $316.9 million in 2012. In the first half of 2013, it posted revenue of $253.6 million but had a loss of $69.3 million.

65 percent of Twitter's revenue derives from mobile users, it said. The service had 218.3 million monthly active users, on average, in the three months ended June 30.

In the list of risk factors, Twitter warned it was heavily reliant on advertising revenue. It said more than 87 percent of its revenue came from advertising in the first half of 2013.

Co-founder and former CEO Evan Williams is Twitter's largest shareholder, with 12 percent of the shares, while co-founder and chairman Jack Dorsey owns 4.9 percent. Biz Williams, another co-founder, does not appear on the list of top shareholders. Current CEO Costolo owns 1.6 percent.

Benchmark and affiliated entities own 6.7 percent of shares, while Rizvi Traverse Management, Spark Capital, Union Square Ventures and DST Global are each shareholders of 5 percent or more.

Assuming everything goes smoothly, it could begin trading in November, though it has not revealed which U.S. exchange -- the New York Stock Exchange or the Nasdaq -- it has chosen.

Twitter intends to list common stock under the symbol "TWTR."



Previous
Next
Samsung Posts Record Earnings, HTC Under Pressure After Loss        All News        Ads Coming On Instagram
Hackers Steal Data From Millions Of Adobe Customers     General Computing News      Ads Coming On Instagram

Get RSS feed Easy Print E-Mail this Message

Related News
Twitter Back Online In Turkey
Turkish Court Upholds Twitter Blockage
French Group Files Suit Against Social networks
Turkey Blocks Workaround For Twitter Access
Twitter Blocked in Turkey
Twitter Crashes Due To Software Glitch
Twitter Reported 3Q Slow User Growth, Increased Advertising Revenue
Twitter Bought Patents From IBM, Enters Cross-License Agreement
Twitter Revamps Desktop Website
Twitter Reverts the Changes to Block Functionality
Twitter To Use Cookies For Ad Targeting
Twitter Strengthens Service's Security

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .