Twitter is set to become a part of the NYSE rather than the tech-friendly Nasdaq whose mismanaged handling of the Facebook IPO resulted into a loss of $10 million.
Twitter has already filed to be a part of the stock exchange. Twitter took in $422.2 million in revenue that is 106 percent from revenue in the first nine months of 2012, but its net loss also increased 89 percent over the first nine months of 2012.
Unsurprisingly, mobile continues to be the company’s biggest source of advertising revenue, 70 percent of it comes from mobile, up from 65 percent last quarter.Twitter posted revenues of $422.2 million and lost $44 million.
via SocialAppsHQ Blog http://www.socialappshq.com/blog/2013/10/16/twitter-becomes-a-part-of-the-new-york-stock-exchange/
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