Twitter begins the IPO process! Last Friday Twitter announced via, you guessed it, Twitter that it has filed for a confidential initial public offering (IPO) of stock.
Twitter said in February 2013 that it has 200 million monthly active users*. In their 2013 2nd Quarter report Facebook has 1.15 billion monthly users as of June 30 and has $1.6 billion in revenue from advertising, an increase of 61 percent from last year. In December, Google+ said it had 500 million people Google Plus accounts but only 135 million of them were actively posting to Google Plus pages. Twitter’s Annual Advertising Revenue for 2013 is projected to be $399,500,000.