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NewsPoster Oct 3, 2013 07:50 PM
Twitter files S-1 financial info with SEC, revealing company statistics
<a href="" rel='nofollow'>Twitter</a> has opened the curtain on some of its business particulars in its <a href="" rel='nofollow'>S-1 filing</a> with the SEC to <a href=" ional.filing/" rel='nofollow'>take the company public</a>. Calling the company "a service shaped by the people, for the people" in its filing, the microblogging service would like to use the stock symbol "TWTR" and is seeking a $1 billion IPO from the sale of 472,613,753 shares of common stock.<br />
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Twitter sees 218.3 million monthly active users, with 49.2 million of them in the United States. The company claims that this is a 35 percent increase in US users, with a 47 percent increase in all other countries over its numbers a year ago. The company also revealed that it displayed 150.9 billion Timeline views for a three-month period concluding on June 30, with 287.2 billion for the previous six months. US users on the average view timelines an average of 825 occasions in the same time period.<br />
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The monthly active users contributed to $253.6 million in revenue over the six months ending on June 30 of this year, up 107 percent from a year earlier. Over 75 percent of its users have accessed Twitter from a smartphone or tablet, with 65 percent of its advertising revenue coming from mobile. However, the company still suffered a net loss of $69.3 million over the same time period, which may prove troubling to potential investors.
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