Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Twitter tweets, 'We've filed for an IPO'

Sep 13 2013, 1:33am CDT | by

1 Updates
Twitter tweets, 'We've filed for an IPO'
 
 

YouTube Videos Comments

Full Story

Twitter tweets, 'We've filed for an IPO'

After hearing Mark Zuckerburg's advice to Twitter about its plans for filing for an IPO, the social microblogging service announced today that it has in fact submitted a Form S-1 to the SEC. An S-1 is a document used by companies to register for IPO.

Via a tweet on Thursday, the company said that the filing was confidential and that the "tweet does not constitute an offer of any securities for sale.” Later today, a Twitter spokesperson confirmed the accuracy of the tweet.

Twitter's timely announcement signifies one thing: it's annual revenue is less than $1 billion. Under the JOBS Act (Jumpstart Our Business Startups Act), an emerging growth company must have a total annual gross revenue of less than $1 billion during its most recent fiscal year. This also means that Twitter's initial filing will be free from public scrutiny.

If everything goes well, then Twitter will be required to disclose everything to the public. The report comes after Twitter's acquisition of mobile advertising exchange company, MoPub, earlier this week.

 

 

 

 

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.

 

 

Comments

blog comments powered by Disqus

Latest stories

A Message to America from ISIS featuring Journalist’s Beheading
A Message to America from ISIS featuring Journalist’s Beheading
The radical Islamic militant group ISIS gave a clear message to America by featuring a journalist’s beheading in a video.
 
 
J.J. Watt Seeking Long-Term Deal With Houston Texans
J.J. Watt Seeking Long-Term Deal With Houston Texans
Houston Texans defensive end J.J. Watt is hoping to earn a long-term contract extension before the 2014 NFL season.
 
 
Mike Tomlin: 'Witching Hour' for Injured Pittsburgh Steelers Approaching
Mike Tomlin: 'Witching Hour' for Injured Pittsburgh Steelers Approaching
Pittsburgh Steelers head coach Mike Tomlin will sit out six injured players during the preseason game against their in-state rivals, the Philadelphia Eagles, on Aug. 21. Tomlin told The Pittsburgh Post-Gazette that the "witching hour" -- the impending roster cuts -- for injured Steelers is fast approaching.
 
 
Detroit Tigers Beat Tampa Bay Rays 8-6 in 11 Innings
Detroit Tigers Beat Tampa Bay Rays 8-6 in 11 Innings
The Detroit Tigers, who are neck-and-neck with the Seattle Mariners for the final Wild Card spot in the American League with the Seattle Mariners, benefited from instant replay in their 8-6 win in 11 innings over the Tampa Bay Rays on Aug. 19.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.