Michal Ždanský Twitter, the company behind the network of the same name, announced today that it is going public. The announcement appeared on Twitter, of course. The IPO was filed in secret, which under the US JOBS Act means the company has less than $350 billion in annual revenue. If it exceeded this limit, it would have to publish its financial results before entry. After all, the company is estimated to have earned $XNUMX million last year.
The estimated value of the company itself is around ten billion. There has been speculation about Twitter going public for a long time, server All Things D claimed that this would happen in the first half of this year. The microblogging network with more than 200 million users follows Facebook, which entered the stock market last year and currently has a capitalization of around $109 billion. All three of the world's largest social networks – Facebook, Twitter and Google+ – will be on the stock exchange.
Among other things, Twitter is also a big partner of Apple, the social network has been integrated into iOS since the middle of 2011 (a year earlier than Facebook) and then got into OS X 10.8 Mountain Lion. Twitter also previously integrated Ping into its service, today Apple's dead-end attempt at a music social network.
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.
- Twitter (@twitter) September 12, 2013
