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Twitter IPO reveals a company that's growing fast but losing money
2013-10-04 14:25:29| InfoWorld: Top News
Twitter has filed for its long-awaited initial public offering, revealing a fast-growing company but one that lost money in each of the past three years.Twitter generated $317 million in revenue last year, almost three times what it made in 2011, according to its IPO documents filed Thursday. Its loss last year was roughly $79 million, but that was smaller than its loss of $128 million in 2011.
Tags: company
money
fast
growing
AUDIO: Twitter 'dilemma' on making profits
2013-10-04 13:05:01| BBC News | Business | UK Edition
CBS News Technology Analyst Larry Majid explains why Twitter must find a way of becoming a profitable company.
Tags: making
audio
profits
dilemma
Twitter files to raise USD 1 bln in IPO
2013-10-04 09:32:00| Telecompaper Headlines
(Telecompaper) Twitter as filed its general prospectus for an initial public offering of shares in the US. While the company has yet to fix how many shares it will sell or a price for the new stock, the document provides details on the messaging company's financial results for the first time. Twitter recorded revenue of USD 254 million in the first six months of this year, up from USD 122.4 million a year earlier, while its net loss swelled to USD 69 million from USD 49 million. Twitter reported an average 218.3 million monthly users in the second quarter, up 44 percent from a year earlier. Almost a quarter (49.2 million) were in the US, up 35 percent year-on-year, while users in the rest of the world were growing faster, up 47 percent to 169.1 million. The company said a good measure of its ability to monetise the service in the amount of revenue generated from each user viewing a timeline on the site or apps. This rose to USD 0.80 in ad revenue per 1,000 views in the second quarter, an annual increase of 26 percent. For the purposes of fixing a fee for the IPO filing, Twitter estimated it will raise USD 1 billion in the offering. It said it will use the proceeds to help fund general operating costs and an estimated USD 225-275 million in capital expenditure this year.
VIDEO: Twitter 'likely to list on Nasdaq'
2013-10-04 05:11:18| BBC News | Business | UK Edition
Peter Esho from Invast Financial Services, tells the BBC that Twitter's planned listing was likely to be on the Nasdaq.
Tags: list
video
nasdaq
twitter
Twitter reveals $1bn IPO plan
2013-10-04 02:00:00| Total Telecom industry news
Microblog made $79.4 million loss on revenue of $316.9 million in 2012.
Tags: plan
reveals
ipo
twitter
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