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

21 Elk Drown in Echo Canyon Reservoir

Colorado Parks & Wildlife spokesman Matt Robbins has said cracking of ice caused death of nearly 21 elk. The incident probably happened Sunday night or early Monday morning, Robbins said. The herd drowned in Echo Canyon Reservoir, they added.

As per officials, the herd might have made it out onto the thin ice sheet almost 50 feet...

Most Popular

Google persuading Firefox users to ditch Yahoo as their default search engine

In an apparent effort to retain its dominance in the...

BMW, VW team up to install 100 high-speed charging stations in 2015

In an announcement made on Thursday, automakers BMW and...

Property of Over £1bn to Fall into Sea Due to Coastal Erosion

According to an unpublished Environment Agency (EA)...

Ashwin Vasavada succeeds John Grotzinger as NASA's New Curiosity Rover Science C

NASA has appointed Ashwin Vasavada as the new Curiosity...

Poll

Can Greece Come out of Economic Problems: