Twitter Reveals IPO Plan
A big name online is trying to become a big player on Wall Street. Twitter revealing its IPO plan.
FOX News Radio’s Ron Flatter reports:
A billion dollars. That’s what an initial public offering of stock is intended to raise for Twitter.
(Costolo) “You know I have to start by tweeting this, so just give me one second.”
Twitter CEO Dick Costolo speaking this past Spring. Actually, he couldn’t tweet the government filing, which was a lot more than 140 characters. It says Twitter has lost $400 million in its 7.5 years. But that annual revenue is now over $300 million, with 200 million active users. We don’t know which exchange will list Twitter, but it will have the stock symbol TWTR… With or without a hashtag.
In New York, Ron Flatter, FOX News Radio.
