Just yesterday Twitter tweeted that it is going public.
If you find yourself wondering how this already-public social networking site could become anymore public, you are not alone. For those of you who are out of the investment loop, tune in — we have the details about Twitter’s announcement.
Staying true to their mission, Twitter made a big splash in the news realm yesterday, and all in a 140-character tweet. “We’ve confidentially submitted an S-1 to the SEC for a planned IPO (initial public offering). This Tweet does not constitute an offer of any securities for sale,” reported Twitter. So, what exactly does this mean? Well, put simply: Twitter finally jumped on the public-stock bandwagon with their fellow social networking peers like LinkedIn and Facebook.
Twitter has taken the first step in becoming open to public investors.
While we will remain uncertain as to whether or not Twitter has surpassed their legally allotted number of private investors, this news comes an exciting surprise to many investors.
With an estimated 200 million users worldwide — 60 percent of which are mobile device-based — public investors have the potential to make big money here. Although Twitter does not have to divulge any business-related details to the public just yet, we can assure you that this company is worth a pretty penny.
Industry experts have estimated that the social media company Twitter is valued at approximately 9 billion dollars.
While nothing is conclusive, we look forward to learning the details that will go public at a later date.
What does Twitter’s announcement mean? How will public investors respond to the news? Well, we are not sure just yet, but we suggest you keep a close eye on Twitter.