Gearfuse Technology, Science, Culture & More
Today Twitter made their filing with the SEC public revealing that they are looking to raise $1 billion on 472,613,753 shares of common stock!
Twitter will be trading under the stock symbol TWTR and the new revelation reveals that Twitter currently has 218.3 million monthly active users. Some 75% of those users utilize Twitter via mobile means. Twitter also revealed a 107% revenue increase from last year with $253.6 million in revenue for the six months ending June 30th, 2013.
According to a letter from Twitter, the IPO won’t effect Twitter’s mission as a company and they will continue to act as “a service shaped by the people, for the people.”
All information pertaining to the IPO can be found on the SEC’s website
