Thursday, October 27, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Brings 3D Creativity To Winsdows 10, Launches Surface Studio, Surface Book i7 And Affordable VR Headset
Alphabet Cutting Jobs in Google Fiber, Pauses Expansion Plans
Nintendo Cuts Profit Forecast
Sony To Establish New Imaging Products And Solutions Company
Samsung Pay Expand In New Russia, Thailand and Malaysia
Samsung Introduces New ARTIK Smart IoT Platform Modules
iPhone Sales Declined, But Services Revenue Grew In Last Fiscal Quarter
Google's Jamboard Reinverts The Whiteboard For Collaboration in the Cloud
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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."

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 To Cut About 8 Percent Of Workforce
Salesforce Will Not Bid for Twitter
Twitter's Periscope Extends Beyond Phones With Periscope Video Producer
Second Donald Trump-Hillary Clinton Showdown Was The Most Tweeted Debate Ever
Twitter to Decide On Possible Sale Proposals Very Soon
Disney Working On Potential Twitter Bid: report
Report Cites Google, Salesforce Interest For Twitter
Twitter Eases 140-character limit On Tweets
Twitter Introduces Apple TV, Amazon Fire TV, and Xbox One Apps for Live Streaming Video
Twitter Tool Lets Users Filter Higher 'Quality' Tweets
Twitter Denies Rumors of Shutting Down
Twitter's Video Advertising Expansion Remains Slow

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .