Twitter To Borrow As Much As $1.5 Billion

Posted: Sep 11 2014, 1:10pm CDT | by , in News | Other Stuff

Twitter to Borrow as Much as $1.5 Billion
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

Don't Miss: This How to find Fingerlings in Stock

Other tech companies, including Google and Netflix, have also borrowed money this year

In Twitter’s recent attempt to stock up on cash, it is offering $1.5 billion in convertible notes to private investors as reported by a document filed on Wednesday by the Securities and Exchange Commission. After its latest earnings announcement in August, the company had roughly $2 billion in the bank but after the move on Wednesday, this amount can come close to more than a double. We still haven’t received any information on what the money would be used for and the company spokesperson also declined to comment on it. But according to our assumptions, Twitter might use these funds to make another acquisition.

When it comes to money borrowing, Google and Netflix have also played their parts this year and it might be possible that Twitter simply wants to take debt hoping that it would build its war chest while the interest rates are low. Ever since Twitter went public in 2013 it hasn’t been profitable and last quarter its financial results were quite disappointing; it announced a net loss of $145 million. Though the company’s sales are increasing at a tremendous rate, the losses are more than tripling as compared to the same period last year.

source: recode

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem

Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News


The Author

<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.




comments powered by Disqus