Linked by Thom Holwerda on Thu 12th Sep 2013 23:00 UTC
In the News
The long-awaited day has come.

Twitter, the 200 million user microblogging service, has filed for its initial public offering. Fittingly, the only public acknowledgement came in the form of a simple tweet.

"Long-awaited"? Wait, people actually waited for this?

Must not have a lot going on in their lives.

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RE: Get some dough
by gagol on Fri 13th Sep 2013 08:03 UTC in reply to "Get some dough"
gagol
Member since:
2012-05-16

Quick search for "is twitter profitable" just proved me wrong. They are profitable and have been for some time.

Reply Parent Score: 2

RE[2]: Get some dough
by unclefester on Fri 13th Sep 2013 08:34 in reply to "RE: Get some dough"
unclefester Member since:
2007-01-13

Twitter reported a 2012 "profit" of only $3.1 million on revenue of $245 million. [This profit is almost certainly a result of creative accounting.] This means Twitter has a realistic valuation of less than $50 million.

Reply Parent Score: 3

RE[2]: Get some dough
by Soulbender on Fri 13th Sep 2013 08:35 in reply to "RE: Get some dough"
Soulbender Member since:
2005-08-18

They are profitable and have been for some time.


Apparently obscenely so. I'm quite amazed

On the other hand, the reference I found also said the following:
"Third of all, most successful companies don't brag about their profits. Google didn't. Zynga didn't."

Yeah....Zynga.....

Reply Parent Score: 3

RE[3]: Get some dough
by tylerdurden on Fri 13th Sep 2013 19:33 in reply to "RE[2]: Get some dough"
tylerdurden Member since:
2009-03-17

I had to google it to find out what the hell is Zynga.

Reply Parent Score: 3