Gerry's Feed
Oct 16, 2013

Twitter picks NYSE for IPO even as losses widen

SAN FRANCISCO (Reuters) – Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year’s most anticipated IPOs.

The online messaging service’s decision to go with the older exchange deals a blow to the tech-heavy Nasdaq, which bungled Facebook Inc’s 2012 offering. Twitter is now expected to kick off its investor roadshow on October 28 where it will pitch its offering to Wall Street before shares start trade in mid-November, two sources familiar with the situation said Tuesday.

Oct 15, 2013

Twitter picks NYSE as quarterly results affirm IPO hopes

SAN FRANCISCO (Reuters) – Twitter Inc will list on the New York Stock Exchange, a marquee IPO win that deals a blow to the tech-heavy Nasdaq which bungled rival Facebook’s initial public offering.

In an amended IPO filing on Tuesday, Twitter also showed that it sustained its pace of revenue and user expansion in the just-ended third quarter, affirmation for investors hoping to capitalize on the sizzling growth of the messaging service.

Oct 15, 2013

Twitter to list on NYSE, more than doubles quarterly revenue

SAN FRANCISCO (Reuters) – Social networking website Twitter Inc (IPO-TWTR.N: Quote, Profile, Research) said on Tuesday it would list its stock on the New York Stock Exchange, dealing a blow to the tech-heavy Nasdaq which bungled rival Facebook’s (FB.O: Quote, Profile, Research) initial public offering.

In an amended IPO filing, Twitter updated its financials and user figures along with expanded details of investors.

Oct 9, 2013

Accommodation renter Airbnb fights NY State subpoena on sublets

SAN FRANCISCO, Oct 9 (Reuters) – Airbnb, the room-rental
service, went to court Wednesday to block a subpoena from the
New York Attorney General seeking information on more than
15,000 tenants who rent out their rooms on the popular website.

The subpoena would be difficult for the company to comply
with because it covers data from hundreds of thousands of
separate records, the company told the New York State Supreme
Court in a filing.

Oct 8, 2013

Insight: At Twitter, global growth tests free speech advocacy

SAN FRANCISCO (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 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.