Here's a stock pop that no company's IPO will ever see: Tweeter Audio and Video's share price jumped as much as 1,800 percent Friday before settling in at a more pedestrian rise of 684 percent.
But that jump wasn't due to anything the beleaguered home electronics company did. Rather, it was thanks to the fact that the penny stock's ticker, TWTRQ, is oh-so-close to that of Twitter, which filed to go public yesterday under the symbol TWTR.
Tweeter's stock closed yesterday at 1 cent, and opened today at 2 cents, already an impressive … Read more
In the months preceding its IPO filing, Twitter worked hard to purge fake and spam accounts, long a thorn in the company's side and an impediment to its ability to attract advertisers.
Given that it's so easy to register for Twitter, and that there are few restrictions on sign-ups, there has been little to stop spammers from creating large numbers of accounts. And the company has few illusions that the problem isn't significant.
It's official, Twitter formally announced that it's on the path to becoming a public company by filing for an initial public offering with the Securities and Exchange Commission on Thursday.
While insiders are most likely popping champagne corks, there's still the looming risks: What if Twitter fails to make money? What if its users dry up? What if it becomes a bigger breeding ground for spam?
One of the nifty things about filing for an IPO with the SEC is that companies have to outline just what could trip up their plans to make loads of money. … Read more
Confidential no more, Twitter's formerly secretive operations are open to public scrutiny for the first time. Thursday, the real-time social network for 140 characters filed its S-1 publicly with the Securities and Exchange Commission on its road to raising $1 billion through a public offering.
Lo and behold, the 7-year-old company has disclosed some juicy tidbits that were previously strictly confidential. Sifting though the legalese and boilerplate content, we've uncovered the fascinating finds:
1. Evan Williams owns 12 percent of Twitter: With more than 56.9 million shares, the Twitter co-founder, who now runs startup Medium, owns a … Read more
Twitter isn't shy about touting its mobile prowess.
In its IPO filing with the Securities and Exchange Commission on Thursday, the microblogging company pulled back the curtain on its operations to show off a business that not only has a healthy presence in the mobile arena, but also is actually intimately tied to it.
"Mobile has become the primary driver of our business," Twitter said in its filing.
The filing made it fairly clear to anyone who cared to pore through the 200-plus page document that Twitter is a company that puts mobile at the forefront (referencing … Read more
As the company prepares to raise $1 billion in its IPO, it's worth taking a look at how Twitter's revenue, profit, and user numbers stack up against those of its chief rival, Facebook. (The comparative metrics, however, are a little different, as you can see below.)
To be sure, there's never been any doubt that Facebook is a far bigger company, with revenue and user numbers that (so far) dwarf … Read more
When you're struggling, some of your ideas can hobble from the moment you utter them.
It's hard to notice, though. You're so desperate for things to change.
Perhaps JC Penney was merely trying to be at one with the crowd, when it had the notion of giving customers a discount if they say "hashtag" at the counter, accompanied by the word "offer.
As BuzzFeed reports, the idea was to give $10 back on $25 to anyone who made themselves temporarily -- and, perhaps, quietly -- look absurd in conversation with a Penney employee.
JC Penney's Twitter account proudly proclaimed: #Tomorrow #is #HashtagDay #at #jcp #Say #HashtagOffer #AtCheckout #ForA #10off25 #Offer #DetailsAndExclusionsInStore #ThatsHowWeDo."
#ThatsHowYouShouldntDo.… Read more
Twitter has just made its IPO filing available to the public, and it's trying to raise $1 billion.
The 140-character microblogging platform certainly isn't the first Internet company to go public with sky-high expectations. Facebook famously went public last year amid a circus-like atmosphere, only to debut to a rude awakening: technical problems on IPO day and investor concerns about monetizing the service. Since then, of course, the stock has rebounded, on the strength of its growing advertising business.
Twitter offered the public a first detailed look at its financials in a filing Thursday formally notifying the Securities and Exchange Commission that it plans to go public. The company is seeking to raise $1 billion, and an offering is expected within weeks.
With this long-awaited move, Twitter will soon join Facebook and LinkedIn as the major social-networking companies that have gone public. Then it will be up to prospective investors to decide between risk and reward.
In the filing, known as the S-1, the company said that it seeks to raise $1 billion in new cash. Twitter brought in $… Read more