- Special Features
Blogs & Columns
- Fun & Games
A month after announcing that it filed its initial public offering, Twitter has made its filing public, revealing a look at the privately held company like never before. It shows a social media company that is rapidly growing.
On Sept. 12, the company sent a simple tweet that read, “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.”
Today, Twitter revealed its filing to the Securities and Exchange Commission, which is its “form S-1,” public. According to Wired, Twitter’s IPO will start by trying to raise $1 billion. The micro-blogging site, which allows users to share 140-character messages, said its revenue jumped from $106 million in 2011 to $316.9 million in 2012. In the first six months of 2013, Twitter says it has already generated $253.7 million in revenue, up from $122 million in 2012’s first six months. Twitter did say it took a net loss of $79 million in 2012.
Users are up, too, with 218.3 million per month using the site in the first half of 2013. That’s 133 million more users per month than the same period last year.
Twitter’s growth is not coming cheap, though. USA Today reports that Twitter said it spent $316 million in the first half of 2013, a jump from the $169 million spent in 2012’s first half.
Twitter will appear on the stock ticker as TWTR. Wired notes that these numbers make up the first collection of data released by the company.
image: Twitter's official page