Twitter IPO Will Make A Few People Very Rich - TMCnet's Financial eNews

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Featured Articles » Citadel Technology and REDI Announce Strategic Partnership » RingCentral's IPO Gets Details on Pricing » Intuit Gives QuickBooks Online Site a New Look » Startup Plaid Raises $2.8 Million to Launch API for Banks   Sponsored By: Mobile Payments Conference As the industry's leading mobile commerce event, Mobile Payments Conference attracts an executive level audience from all parts of the mobile wallet and mobile payments ecosystem. 2014 marks the sixth Mobile Payments Conference that Mobile Marketing & Technology will produce. "Mobile Commerce is the New Buzz" will be the overriding theme of the January conference in Miami. Experts will discuss current mobile commerce issues and trends, with an emphasis on retail, online and person-to-person payments and strategies. Registration for the Mobile Payments Conference is now open.   Top Stories » OANDA Announces Acquisition of Currensee, a Forex Copy Trading Network » Ernst & Young Named Leader by IDC MarketScape » QualiSystems Opens New East Coast Office in East Rutherford, NJ » NITMX Tags Axway for B2B Solutions   From The Expert Corner October 04, 2013 Twitter IPO Will Make A Few People Very Rich By Tracey E. Schelmetic, TMCnet Contributor As the technology press has been predicting in recent weeks, social media/microblogging company Twitter has filed for its initial public offering (IPO) with the Securities Exchange Commission (SEC (News - Alert)). The company, which was founded in 2006 by Ev Williams and Biz Stone and will trade under the ticker "TWTR,” expects the IPO to occur in December of this year. Goldman Sachs Group Inc. is rumored to be the lead underwriter for the IPO. "We believe that there is a significant opportunity to expand our user base. Industry sources estimate that as of 2012 there were 2.4 billion Internet users and 1.2 billion smartphone users, of which only 215 million are monthly active users of Twitter (News - Alert),” said the company in a statement announcing the filing (which may be found here.) Twitter, which was recently valued at $10.5 billion by one of its investors, GSV Capital Corp. (GSVC), may turn out to be one of the largest IPOs since Facebook, though the company still isn’t nearly as large as Mark Zuckerberg’s (News - Alert) empire, which is valued at about $109 billion. Twitter has about 218 million monthly users, compared to Facebook’s one billion-plus users. Investors have pumped $1.16 billion into Twitter since it was founded, and all of them are likely see major returns, but current numbers show the company has...Read More    Featured Videos Rich Tehrani Talks Customer-Centric eCommerce with Avangate's Carl Theobald    Featured Resources » The State of the Cloud Computing Marketplace: The Need for a Trust-But-Verify Software Licensing Approach » Customer Retention 2.0: How Financial Institutions are Driving Online Conversions & Building Customer Loyalty with Live Chat » Automotive Financing Company Benefits from 75% Cost Savings and 90% Increased Efficiency   TMCnet's Blogs » Location Insight Could Yield Different Kinds of Revenue   Featured Channels » Master Agent » Software Licensing » Software Monetization   Advertise With Us   General advertising Info: Click here      Become a TMCnet columnist! Become a TMCnet columnist! Want to contribute your expertise to a growing audience of technology professionals? Become a writer, blogger or columnist for the TMCnet Web site and this newsletter. Contact TMCnet Group Editorial Director, Erik Linask, at elinask@tmcnet.com for details.

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