Twitter, Inc.

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A Twitter, Inc. is a US-based online company.



References

2015

  • https://about.twitter.com/company (June 2015).
    • QUOTE: Our mission: To give everyone the power to create and share ideas and information instantly, without barriers.
    • 316M Monthly active users
      500M Tweets sent per day
      80% Active users on mobile
      4,100 Employees around the world
      35+ Offices around the world
      77% Accounts outside the U.S.
      35+Languages supported
      50% Employees are engineers

2015

  • (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Twitter#Funding Retrieved:2015-8-30.
    • Twitter raised over US$57 million from venture capitalist growth funding, although exact numbers are not publicly disclosed. Twitter's first A round of funding was for an undisclosed amount that is rumored to have been between US$1 million and US$5 million. Its second B round of funding in 2008 was for US$22 million and its third C round of funding in 2009 was for US$35 million from Institutional Venture Partners and Benchmark Capital along with an undisclosed amount from other investors including Union Square Ventures, Spark Capital, and Insight Venture Partners. Twitter is backed by Union Square Ventures, Digital Garage, Spark Capital, and Bezos Expeditions.

      In May 2008, The Industry Standard remarked that Twitter's long-term viability is limited by a lack of revenue. Twitter board member Todd Chaffee forecast that the company could profit from e-commerce, noting that users may want to buy items directly from Twitter since it already provides product recommendations and promotions. By March 2009 communications consultant Bill Douglass predicted in an interview that Twitter would be worth $1 billion within six months, which came to pass when the company closed a financing round valuing it at $1 billion in September of that year. The company raised US$200 million in new venture capital in December 2010, at a valuation of approximately US$3.7 billion. In March 2011, 35,000 Twitter shares sold for US$34.50 each on Sharespost, an implied valuation of US$7.8 billion. In August 2010 Twitter announced a "significant" investment lead by Digital Sky Technologies that, at US$800 million, was reported to be the largest venture round in history. In December 2011, the Saudi prince Alwaleed bin Talal invested 300 million in Twitter. The company was valued at 8.4 billion at the time.


2015

  • (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Twitter#Revenue_sources Retrieved:2015-8-30.
    • In July 2009, some of Twitter's revenue and user growth documents were published on TechCrunch after being illegally obtained by Hacker Croll. The documents projected 2009 revenues of US$400,000 in the third quarter and US$4 million in the fourth quarter along with 25 million users by the end of the year. The projections for the end of 2013 were US$1.54 billion in revenue, US$111 million in net earnings, and 1 billion users.[1] No information about how Twitter planned to achieve those numbers was published. In response, Twitter co-founder Biz Stone published a blog post suggesting the possibility of legal action against the hacker. On April 13, 2010, Twitter announced plans to offer paid advertising for companies that would be able to purchase "promoted tweets" to appear in selective search results on the Twitter website, similar to Google Adwords' advertising model. As of April 13, Twitter announced it had already signed up a number of companies wishing to advertise, including Sony Pictures, Red Bull, Best Buy, and Starbucks. The company generated US$45 million in annual revenue in 2010, after beginning sales midway through that year; the company operated at a loss through most of 2010. Users' photos can generate royalty-free revenue for Twitter, and an agreement with World Entertainment News Network (WENN) was announced in May 2011. In June 2011, Twitter announced that it would offer small businesses a self-service advertising system. Twitter generated US$139.5 million in advertising sales during 2011. The self-service advertising platform was launched in March 2012 to American Express card members and merchants in the U.S. on an invite-only basis. Twitter later reported that numerous small businesses and people who used the self-service tool provided feedback that indicated they were impressed by the feature. To continue their advertising campaign, Twitter announced on March 20, 2012 that promoted tweets would be introduced to mobile devices. [2] In April 2013, Twitter announced that its Twitter Ads self-service platform, consisting of promoted tweets and promoted accounts, was available to all U.S. users without an invite.

      Twitter's financial revenue statistics for the first quarter of 2014 was reported as US$250 million.

  1. Cite error: Invalid <ref> tag; no text was provided for refs named NYT-Twitter Hacked
  2. mashable.com; Wasserman, Todd. March 20, 2012. “Twitter Rolls Out Promoted Tweets for Mobile."