This day was always coming for Twitter, but for me at least, it kind of struck me by surprise. The social network has said that as of Thursday afternoon, it has confidentially submitted an S-1 to the SEC for a planned IPO.
At the moment, Twitter is valued at around $11 billion, and is able to file confidentially thanks to the JOBS (Jumpstart Our Business Startups) Act. The JOBS Act allows companies to go public without public scrutiny, and is for companies that have has than $1 billion in revenues.
Last updated: Apr 7, 2020 at 11:39 am CDT
- > NEXT STORY: Our first look at the upcoming Nexus 5 from Google and LG
- < PREVIOUS STORY: Samsung says that next smartphones will feature 64-bit processors