Twitter announced today -- fittingly in a tweet -- that it has filed papers to go public
We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.— Twitter (@twitter) September 12, 2013
The announcement has been long anticipated. Analysts recently predicted the value of Twitter IPO at around $10 billion. Twitter's filing is confidential, therefore, none of the details are open to the public at this point.
Facebook, Zuckeberg's social media giant, went public on May 18, 2012. Now the company is valued at about $100 billion.
Twitter investors are surely happy about the IPO decision. Others -- not so much.
Twitter's "secret IPO" filing takes some wind out of company's (genuine, until now) good-corporate-citizen image...— Dan Gillmor (@dangillmor) September 12, 2013
What do you think?