Twitter files IPO papers

Rappler.com

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IPO FILING. Twitter announces it has 'confidentially submitted an S-1 to the US Securities and Exchange Commission for a planned IPO. Screen shot from Twitter

Twitter “confidentially submitted” an S-1 to the US Securities and Exchange Commission (SEC) for a planned Initial Public Offering, or IPO. The S-1, known as a Form S-1, is filed with the SEC by public companies to register that company’s securities. The form would generally contain the basic business and financial information of that company. Talk of an IPO has circulated about Twitter for some time, and the Wall Street Journal estimated the company founded in 2006 is worth some $10 billion. Twitter has become one of the fastest-growing and most influential social media services, used widely by celebrities, journalists, politicians and others. In a sign of the growing importance of Twitter, tweets have been analyzed to measure happiness of cities and countries, and some scholars claim Twitter was an important factor in uprisings such as the Arab Spring.

 

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