Twitter offered the public a first detailed look at its financials in a filing Thursday formally notifying the Securities and Exchange Commission that it plans to go public. The company is seeking to raise $1 billion, and an offering is expected within weeks.
With this long-awaited move, Twitter will soon join Facebook and LinkedIn as the major social-networking companies that have gone public. Then it will be up to prospective investors to decide between risk and reward.
In the filing, known as the S-1, the company said that it seeks to raise $1 billion in new cash. Twitter brought in $… Read more