Posts tagged “Twitter”
In a reflection of the demand for Twitter's stock, the 7-year-old short messaging service on Monday boosted the price range for the IPO to $23 and $25 per share. The San Francisco company had set a range of $17 to $20 per share before Twitter executives began pitching investors interested in the IPO in a series of meetings that began last week.
Twitter plans to sell 70 million shares at $17 to $20 each in the offering, according to a regulatory filing Thursday. That would value the company at $10.9 billion at the top end of the range, cheaper than Facebook and LinkedIn, based on the 544.7 million common shares outstanding after the IPO. The IPO is set to price Nov. 6, according to data compiled by Bloomberg.
The San Francisco-based company said in a filing Tuesday that its revenue was $168.6 million in the period, up from $82.3 million a year ago. Its net loss expanded to $64.6 million from $21.6 million. Twitter also said it will list its shares on the New York Stock Exchange.
Opinion: Vivek Wadhwa, a former triangle entrepreneur and an academic at Duke as well as several other universities, calls out Twitter CEO Dick Costoloo about the lack of female representation in the company's senior management and board. Costello has reacted strongly to Wadhwa's remarks, calling him the "Carrot Top" of academia. Wadhwa has demanded an apology.
Twitter's user growth is slowing and it shows no sign of turning a profit. Some fund managers say that's not going to stop the microblogging service's $12.8 billion valuation from treading higher. Much higher.
The San Francisco-based company on Thursday made its prospectus public, in a document that contrasted with Facebook's S-1 last year. In its filing, Twitter showed more risk factors than its rival, published a much shorter letter to prospective shareholders, and dodged some of the issues that hampered Facebook - such as a lack of mobile advertising - when it went public.
Twitter, which said last month that it confidentially filed for an initial share sale, will publicly disclose its prospectus this week, according to people with knowledge of the matter. Money managers such as Manulife Asset Management LLC and Thornburg Investment Management Inc. want to know how good a job Twitter is doing wringing revenue from each user -- and how it stacks up against competitors.
Ads on smartphones and tablets will make up more than half of Twitter's ad revenue this year, according to EMarketer Inc. That puts it ahead of Facebook, which generated 41 percent of its ad revenue from mobile promotions in the latest quarter. Google, the largest search engine, is estimated to get slightly less than one quarter of its revenue this year from mobile ads, EMarketer said.
Twitter is going public, telling the world about its IPO plans via a Tweet in what could be the most anticipated IPO since Facebook.
Corporations wants to jump onto the social media bandwagon. But companies so far have yet to see much bang for their buck, according to a survey of marketing executives conducted by Duke University.
The Syrian Electronic Army, which backs the country's president, Bashar al-Assad, has also claimed responsibility for hacking the Washington Post earlier this month and the Financial Times in early May, redirecting readers to its own websites and videos.
Facebook Inc.'s more than 1 billion members will be able to use hashtags, a tool popularized on Twitter Inc. that makes it easier for social-network users to discover and share topics that are being discussed.
Analysis: A study from Pew Research finds that Twitter tweets often run counter to overall public opinion. But professionals can still find benefits in what the Twitterverse is saying.
"To continue to offer a great product that addresses your unique needs, we're going to focus our development efforts on our modern, web-based versions of TweetDeck," Twitter says. "To that end, we are discontinuing support for our older apps: TweetDeck AIR, TweetDeck for Android and TweetDeck for iPhone. They will be removed from their respective app stores in early May and will stop functioning shortly thereafter."