News that Twitter is planning a public offering has generated a lot of hype on Wall Street, although there has been surprise with news that the firm has been losing money even on respectable revenue figures. Wired reported on Oct. 3, 2013, "Twitter Files for IPO, Shows $317M in Revenue." Twitter is seeking to raise up to $1 billion in an IPO under the name of TWTR.
Twitter has revealed it is growing revenue quickly as the firm nevertheless is losing money. In a registration filing with the Securities and Exchange Commission, which is known as a “form S-1,” Twitter said its revenue increased to $316.9 million in 2012, which was up from $106 million in 2011. However, its net loss for 2012 was $79 million. The firm said it had on average 218.3 million users per month, for the three-month period ended in June. That was up from 85 million users per month in the same period the previous year.
BloombergBusinessweek has reported, "Quick Takes on Twitter's IPO Filing." Twitter’s plan to go public is becoming the most anticipated stock market debut this year. The firm feels it is worth the $1 billion it wants to raise to keep those 140 character tweets coming. However, the firm has been losing money even though it has been gaining users. Still, Twitter has become as much a part of the American culture as Mickey Mouse from Disney, and so all bets are the firm's IPO will meet with success with profits for the firm probably emerging down the line.