Twitter finally released details regarding its long-awaited initial public offering (IPO). How does the social networking giant stack up against some of the big tech IPO’s before it from companies like Facebook and Google?
Twitter earns a quarterly revenue of $139 million, which is up 105% from a year ago. In comparison, Facebook earned $1.1 billion at the time of its IPO.
Interestingly, Twitter is still losing a significant amount of money with a $42.2 million loss last quarter. Every other social network was profitable at the time of its IPO. Facebook led the way with a $302 million profit margin, and LinkedIn did just shy of $1 million.
Twitter’s filing indicated that it has 2,000 employees, which is comparable to the other social networks give or take 50%.
Since its initial offering back in 2003, Google’s stock has gained the most of any network with an increase of 773%, while Facebook has gained a modest 29% rise since early 2012, as of last Thursday’s close.
How do you think the Twitter IPO will do out in the open market?
Source: The Wall Street Journal