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

Informing Changes in Name to Social Security Administration is Important to Avoi

Getting married could be the most exciting moment of one's life but at the same time there are certain very important things to remember like informing the Social Security Administration and your employer about the changes in name.

Forgetting the important detail of applying for a new Social Security card could affect Social security...

Most Popular

Apple ordered to stop iPhone 6s and iPhone 6s Plus sales in China

According to recent reports, a ruling by a Beijing...

Waze launches new feature to help drivers avert “difficult intersections”

In an apparent effort to promote a safer less stressful...

Domino’s pulls out of ‘T-Mobile Tuesdays’ promotion due to overwhelming demand

In its latest 'Un-carrier' move announced earlier this...

Samsung is acquiring cloud computing firm Joyent

In a Thursday announcement, bigwig South Korean device...

Poll

Can Greece Come out of Economic Problems: