Twitter discloses its revenue
October 5 , 2013
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.