Twitter Announces IPO Plans via Tweet

Twitter Announces IPO Plans via Tweet

Twitter made an announcement on Thursday through a tweet that it has initiated the process to be a stock offering company in the tech sector. "We've confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale", the company tweeted.

Based on early venture capital investments, Twitter's market value has been estimated around $10 billion. The initial public offering is likely to bring a higher amount. The firm added in another tweet that Twitter will IPO at just the right inflection point. It is unlike Facebook which waited for too long to IPO.

Lou Kerner at the Social Internet Fund said that he is expecting a positive reaction from investors.

Twitter has become the most popular forum for public discussions. It is rapidly growing and used widely by celebrities, journalists, politicians and others.

It was revealed by the company that it has more than 200 million active users. Twitter announced this week about it intense efforts for mobile advertising with the purchase of MoPub. Well, it is actually a startup on mobile ad exchanges. The news about acquisition, which is estimated to be worth some MoPub, was made public on Monday.


FrenchTribune Specials

Nuclear fusion reactor could be operation in 10 years: Lockheed Martin

Lockheed Martin, an American global aerospace, defense, security and advanced technology company has built a compact nuclear fusion reactor which is clean, safe and completely sustainable.

In view of the fact that nuclear fusion is such a powerful way to generate energy, it could eventually replace all other forms of energy production...

Most Popular

Europeans remained lactose intolerant well after adopting cheese-making: study

Ancient Europeans remained intolerant to lactose nearly...

Christiana Figuere surges for unity in climate talks

Christiana Figueres, the head of UN'S climate change...

Scottish mothers suffering depression lack help

According to a new report, pregnant and new mothers...

Bonus for avoiding whales for ships

Cargo ships in the US are being paid a bonus for...

Poll

Can Greece Come out of Economic Problems: