Twitter’s IPO, on Thursday, 4th October 2013, has been making news for the last 24 hours. The website aims to raise $1 billion through its IPO. Ev Williams, Jack Dorsey and Biz Stone are hopeful of getting some positive responses from the investors who shall be ready to instill their faith on Twitter.
Twitter will be offering up 472,613,753 shares of stock in this initial release. Twitter says that it currently has 218.3 million monthly active users, and those users have created over 300 billion tweets. That MAU number is significantly lower than many had expected at this point as they announced that they had 200 million MAUs in December. Twitter says that it delivers over 200 billion tweets per day.
The website authorities are aware of the upcoming dangers but are hoping for a steady business flow.
via SocialAppsHQ Blog http://www.socialappshq.com/blog/2013/10/04/twitters-ipo-launched/
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