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Twitter hits 232 million active users, but it still. isn't. making. any. profit.
It's the most anticipated tech IPO since Facebook, which is set to make Twitter's founders millionaires a couple of times over and help the social media site raise a reported US$1-billion. It's picked out the symbol it'll be trading under (the vowel-free TWTR) and opted to be listed on the New York Stock Exchange - but that's not the only interesting update to its filing with the SEC. Twitter has also gained users, seriously increased its revenue... and made more of a loss.
In the first amendment to its S-1 form, Twitter revealed it has gained 15-million monthly active users in the last quarter, bringing it to 231.7-million monthly active users globally at the end of September. Of those, an average of 53-million live in the United States, and 179-million reside in other parts of the world. In addition to that, it also has a climbing number of daily active users - 100-million at the end of last month. But it still isn't making any profit.
Read the full article on www.memeburn.com
Source: Memeburn
Launched in April 2010 by Matthew Buckland, Memeburn is a news and opinion platform tracking tech culture, innovation and business. It plays particular attention to the web, mobile, social media, online media and social networking fields. Key opinion-leaders contribute to Memeburn, providing their insights on the online industry. Subscribe via email or RSS for regular updates. Follow memeburn on Twitter at @memeburn.
Go to: http://www.memeburn.comAbout Lauren Granger
Staff reporter
