Twitter announces planned IPO (on Twitter)
Posted By RichC on September 13, 2013
Short and sweet. As one would expect from the 140 character social networking company.
— MT @Twitter We’ve confidentially submitted an S-1 to the SEC for a planned IPO.
But here are a few more tweets collected by the Associated Press.
— #FunFact: In the first hour of @Twitter sending that IPO announcement tweet, 7,872 people retweeted the message.
— According to @APStylebook: “The verb is to tweet, tweeted. A Twitter message is known as a tweet.”
— The company was founded 2006 by Jack Dorsey, Biz Stone and Evan Williams. Their handles: @Jack, @Biz and @Ev
— First tweet by @Jack was “just setting up my twttr” on March 21, 2006, at 3:50 p.m.
— Dorsey went on to create @Square, a system for paying for coffee, goods through phones.
— Twitter soared to popularity in 2007 at the South By Southwest Interactive festival in Austin, Texas. #sxswinteractive #Austin #BBQ
— Three years, two months and one day: The time it took from the first tweet to the billionth tweet. #CoolStat
— Users on @Twitter: More than 200 million. @Facebook has 1.16 billion. That’s nearly six times as many. #QuickMath
— A billion tweets are sent every two and a half days. Put another way, that’s three for every man, woman and child in the U.S. via @smfrogers
— The public offering comes at a time of heightened investor interest in the IPO market — 131 IPOs have priced so far this year.
— Is @Twitter trying to avoid @Facebook’s May 2012 IPO #fail? Well, company is keeping details secret for now. #TwitterIPO
— The company hasn’t said if it makes a profit or how much revenue it takes in. #FadOrFuture? Wonder if @WarrenBuffett will buy stock.
— Most of Twitter’s revenue comes from advertising. @eMarketer estimates $582.8 million this year, up from $288.3 million in 2012.
— Compare: In latest quarter, Facebook had $1.6 billion in ad revenue. By 2015, Twitter’s annual ad revenue is expected to hit $1.3 billion.
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