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

Women’s Shapewear sellers agree to refund $1.5 million

On Monday, the Federal Trade Commission announced that two companies that sell women's shapewear infused with caffeine have agreed to settle charges, which stated that they have fallaciously advertised their products saying they would reduce cellulite and zap fat.

Both the companies will be refunding $1.5 million to consumers. The...

Most Popular

Microsoft’s Xbox One gaming console to hit China today, Sept 29

Microsoft's Xbox gaming console is officially scheduled...

Kilauea volcano continues to ooze out Lava

For decades, the Kilauea volcano on the Big Island of...

Roche’s Perjeta Extends life of Metastatic Breast Cancer Patients

A new Roche cancer drug tested in Sheffield has shows...

Pfizer reports positive results for ROS1 positive lung cancer patients with Xalk

Medical researchers have announced positive results for...

Poll

Can Greece Come out of Economic Problems: