Twitter Files IPO For $1 Billion
Twitter has finally filed their IPO for $1 Billion dollars.
Many investors are finally ready to cash in on what has so far been a $420+ million dollar loss in Twitter. Yep that’s right. Since inception Twitter has lost $420 million dollars. They are a coming that is not currently earning any revenue, they are losing over $60 million dollars per year. However, they don’t really have much mainstream advertising revenue.
The difference between Facebook and Twitter is that Facebook was making way more money and mainstream ad revenue coming in when they filed their IPO in the recent past. Twitter is very late to the ad revenue game, just finally starting a platform that would make it easier for the average company to advertise on Twitter.