[quote_left]Twitter generated $317 Million revenue in 2012 and more than 218 Million active users.Here is the latest report that Twitter, a microblogging site launched in 2006 with 218 Million active users and $317 Million revenue have files for $1 Billion Initial Public Offering.
Twitter will trade under ticker “TWTR” in coming weeks and company also mention this thing that company never made profit in spite of that company faced a loss of $419 Million in last 6-7 years but still instead of all these facts Twitter always found successful in growing their revenue.
[/quote_left]On Thursday, Twitter unveiled the papers with the Securities and Exchange Commission, giving potential investors and its user base a look inside its business. The company was taking advantage of federal legislation passed last year that allows companies with less than $1 billion in revenue in its last fiscal year to avoid submitting public IPO document as sources said.
Company admitted few things about their business’s profit and loss status including lost of $69.3 million in the first six months of 2013, compared with a loss of $49.1 million for the same period last year. Revenue more than doubled to $254 million from $122 million.