Twitter unseals papers for initial public offering, says it hopes to raise up to $1 billion

  • Article by: BARBARA ORTUTAY , Associated Press
  • Updated: October 3, 2013 - 6:45 PM

NEW YORK — Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year's most eagerly awaited stock market debuts.

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herby2013Oct. 3, 13 5:52 PM

"Twitter has never turned a profit and has an uninterrupted history of losses totaling $419 million since its inception..." Twitter is one of the most unbelievably useless websites in the history of the world. What it essentially is is a blogging service with a silly requirement that all "tweets" be 140 characters or less. Only an absolute fool would invest money in this turkey of a company. The venture capital firms who did invest and lost a bundle are hoping that even bigger suckers are around who will buy shares in a big pile of nothing so they can cash out and hopefully turn a profit on the ignorance of anyone who invests in Twitter stock. From what I have seen, most people who sign up for Twitter do so based on all the hype then quickly abandon their accounts when they realize how stupid and useless Twitter really is.

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duluthfanOct. 3, 13 6:22 PM

I mean I agree that it's a pretty pointless website, but I do enjoy it to get quick links to news, sports information, and funny posts as well.

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Truckman182Oct. 3, 13 8:30 PM

Twitter is so 2010..... It will go the way of My Space....

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holstjOct. 3, 1311:08 PM

I'm planning to start a new service where you can only use 15 characters including spaces and it must be all acronyms with no known words from the English language. Who's in with me and writing that $1B check? I'm willing to accept $1 from a billion people.

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west336Oct. 4, 13 7:54 AM

The world's stupidest and least creative innovation is trying to get $1 billion for an IPO....wow! Here's my impression of Twitter: "I'm eating pancakes for breakfast. LOL".

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west336Oct. 4, 13 7:55 AM

holstj: That's a $TRILLION idea!!!

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