Twitter discloses its revenue

  • The filing of the IPO revealed that Twitter's revenue is growing since it amounted to $317M in 2012. There's also a growth of 44 percent in the number of its active users as compared to last year. The company had over $218M active users by the end of June; the number is 1.2B for Facebook and 240M for LinkedIN. 

    Although Twitter's revenue has almost doubled, reports suggest that it still lost $69.3M during the first six months of this year; the loss was $49.1M last year. 

    The company has given its potential investors as well as base users a peek inside its business by filing with the SEC. Its market value has been estimated to be $10B. 

    Tagged as: Twitter SEC, social media company, Twitter public offering, Twitter, Money News, Business News