Twitter filed documents with the SEC for its initial public offering, giving investors a first glimpse of its financials on Thursday. Trading under the ticker symbol “TWTR,” it aims to raise $1 billion in its IPO. Since its launch in 2006, Twitter has grown from a microblogging novelty to a social network with 215 million monthly active users, 100 million of whom are daily active users. They churn out more than 500 million tweets and direct messages per day. Seventy five percent of those users log on via a mobile device.
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Twitter Filing Spikes IPO Fever
Posted by: Rachelle Dragani October 4, 2013 02:17 PMTwitter filed documents with the SEC for its initial public offering, giving investors a first glimpse of its financials on Thursday. Trading under the ticker symbol “TWTR,” it aims to raise $1 billion in its IPO. Since its launch in 2006, Twitter has grown from a microblogging novelty to a social network with 215 million monthly active users, 100 million of whom are daily active users. They churn out more than 500 million tweets and direct messages per day. Seventy five percent of those users log on via a mobile device.