Yesterday, Twitter finally announced after months of speculation that it is going to sell stock on the public markets.
The Social Media giant, which has 200 Million members worldwide, appropriately announced the news in a tweet.
Analysts believe the company could be valued as much as $10 billion which would make it the biggest tech IPO since Facebook’s offering in May 2012 at a staggering $16 billion.
Twitter makes the vast proportion of it’s revenue from Advertising with the company expected to generate sales of $582.8 million of global sales in 2013 and forecast sales of $1 billion for 2014 as suggested by eMarketer.
The interesting point for us will be to see how the floatation affects the service it provides as a company after Facebook has come under heavy criticism for aggressively pushing Ads since its 2012 IPO, although their revenue has improved vastly.
Either way, we can only see Twitter growing significantly as it continues to imbed itself into modern business and personal culture.