Gerry's Feed
Oct 8, 2013

At Twitter, global growth tests free speech advocacy

SAN FRANCISCO, Oct 8 (Reuters) – When a Brazilian state
prosecutor last year set out to silence anonymous Twitter
messages that were revealing the location of drunk-driving
checkpoints, he served the social media company’s just-opened
Sao Paolo office with a lawsuit.

Sharing sightings of police checkpoints does not violate any
rules set by Twitter Inc, which has far fewer restrictions on
content than social media rivals such as Facebook Inc.
Nor would such Tweets be a crime in the United States. Twitter
has traditionally resisted efforts to obtain the identity of
users whose words might be regarded as a crime.

Oct 4, 2013

Twitter reveals rip-roaring growth, big losses ahead of IPO

SAN FRANCISCO (Reuters) – Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc’s 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite never having made a profit in the past three years.

The eight-year-old microblogging service, the preferred communications tool for celebrities and politicians alike, gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents.

Oct 3, 2013

Factbox: Who’s who in the flock – 7 people who keep Twitter humming

SAN FRANCISCO (Reuters) – Twitter laid bare its financial numbers for the first time on Thursday ahead of its initial public offering, one of the year’s most highly anticipated events on Wall Street.

The company, which spun out of a nearly failed San Francisco startup in 2006, went through early years of management turmoil and unprofitability. But since 2010, Chief Executive Dick Costolo has firmed up the executive ranks and gradually dialed up Twitter’s revenue engine.

Oct 3, 2013

Who’s who in the flock: 7 people who keep Twitter humming

SAN FRANCISCO, Oct 3 (Reuters) – Twitter laid bare its
financial numbers for the first time on Thursday ahead of its
initial public offering, one of the year’s most highly
anticipated events on Wall Street.

The company, which spun out of a nearly failed San Francisco
startup in 2006, went through early years of management turmoil
and unprofitability. But since 2010, Chief Executive Dick
Costolo has firmed up the executive ranks and gradually dialed
up Twitter’s revenue engine.

Oct 3, 2013

Twitter reveals rip-roaring growth but warns on ads

SAN FRANCISCO, Oct 3 (Reuters) – Twitter Inc will seek to
raise $1 billion in the largest Silicon Valley IPO since
Facebook Inc’s 2012 coming-out party, hoping to woo
investors with rip-roaring revenue growth despite never having
made a profit in the past three years.

The eight-year-old microblogging service, the preferred
communications tool for celebrities and politicians alike, gave
potential investors their first glance at its financials on
Thursday when it publicly filed its IPO documents.

Oct 3, 2013

Insight: Little-known Hollywood investor poised to score with Twitter IPO

LOS ANGELES/ SAN FRANCISCO (Reuters) – When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet.

Over the past two years, Suhail Rizvi, founder of New York private equity firm Rizvi Traverse Management, has quietly amassed a stake of more than 15 percent in the microblogging phenomenon for himself and his investors at a cost of more than $1 billion, according to three people with knowledge of his investments.

Oct 3, 2013

Little-known Hollywood investor poised to score with Twitter IPO

LOS ANGELES/ SAN FRANCISCO, Oct 3 (Reuters) – When Twitter
goes public in coming weeks, one of the biggest winners will be
a 47-year-old financier who guards his secrecy so zealously that
he employs a person to take down his Wikipedia entry and scrub
his picture from the Internet.

Over the past two years, Suhail Rizvi, founder of New York
private equity firm Rizvi Traverse Management, has quietly
amassed a stake of more than 15 percent in the microblogging
phenomenon for himself and his investors at a cost of more than
$1 billion, according to three people with knowledge of his
investments.

Oct 2, 2013

Twitter sorts out lock-up agreements ahead of releasing IPO plans

SAN FRANCISCO (Reuters) – Twitter Inc’s bankers contacted early investors this week asking them to sign a 180-day lock-up agreement by Wednesday afternoon, showing the company is moving swiftly toward its initial public offering.

The email from Goldman Sachs, the lead underwriter of Twitter’s IPO, asked shareholders to sign and return a form by 5 pm Pacific time on Wednesday acknowledging that they would be prohibited from selling shares for 6 months after the firm lists, according to two shareholders who received the email.

Sep 25, 2013

Twitter to broadcast NFL video clips as part of new ad program

By Gerry Shih and Jennifer Saba

(Reuters) – Twitter said on Wednesday it would carry instant-replay footage from National Football League games as part of a new advertising partnership that could boost the social media company’s revenue before its highly anticipated initial public offering.

The agreement marks Twitter’s biggest sports-related commitment to date for its Amplify service. Amplify was formally unveiled last May as a way for Twitter, broadcasters and advertisers to capitalize on peoples’ use of social media while they watch TV – a phenomenon called “second screen” viewing.

Sep 25, 2013

Twitter introduces an alert system for emergencies, disasters

SAN FRANCISCO (Reuters) – Twitter, which is preparing for its initial public offering, said on Wednesday it will help users receive special alerts from government agencies and aid agencies during emergencies.

Users who sign up will receive smartphone notifications via the Twitter app as well as SMS text messages – assuming they agree to handover their cell phone numbers – from any of several dozen agencies who have signed on to the program.