Gerry's Feed
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.

Sep 19, 2013

AllThingsD team to sever ties with Dow Jones at end of the year

SAN FRANCISCO (Reuters) – The team that produces technology blog All Things Digital will leave News Corp’s Dow Jones publishing unit at the end of the year, the parties announced Thursday, severing a lucrative but sometimes rocky relationship between two of the most influential outlets in the technology press.

As part of the break-up, Walt Mossberg, the co-founder of AllThingsD and longtime personal technology columnist for the Wall Street Journal, will leave the newspaper, which is published by Dow Jones. News Corp acquired Dow Jones in 2007.

Sep 19, 2013

Unmetric raises $5.5 million as social media industry gains steam

SAN FRANCISCO (Reuters) – Unmetric, a “social media intelligence” provider, has won $5.5 million in Series B financing to build up its sales force, the company said Thursday.

Unmetric provides its customers, including Subway and Toyota, data on how their competitors’ advertising campaigns or customer service efforts are faring on services like Facebook, Twitter and YouTube.

Sep 17, 2013

Facebook and Twitter said to be unblocked in Iran

SAN FRANCISCO (Reuters) – Facebook and Twitter became widely accessible to Iranian users on Monday for the first time since 2009, when the services were blocked in the midst of widespread protests against former president Mahmoud Ahmadinejad, according to reports emerging from the country.

Reporters in Tehran for the New York Times and the Washington Post both said on Twitter that they could access the service freely on Monday.

Sep 17, 2013

Insight: How freewheeling Twitter became a money-spinning juggernaut

SAN FRANCISCO (Reuters) – Around midnight on Christmas Eve of 2009, a handful of employees at Twitter received an unconventional holiday greeting from Dick Costolo, then the chief operating officer.

“It was an email that said, ‘We have to move really, really fast. There’s no time to rest because we have a massive opportunity in front of us,” recalled Anamitra Banerji, who headed the team that built Twitter’s first advertising product. “It was kind of crazy because we were all on break, but that attitude was exactly what we needed at Twitter.”