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Twitter IPO likely to raise $1 billion, may happen before Thanksgiving

September 20th, 2013 at 9:30 PM
Twitter IPO Launch

Twitter filed with the SEC for an initial public offering last Thursday, and although speculation about Twitter’s future began immediately, the social networking site has yet to announce when it will actually go public. According to Reuters, that day might be less than two months away. One source told Reuters that Twitter could raise over $1 billion in its IPO, and that it will come before Thanksgiving. Despite the enormity of this deal, the amount of money that Twitter is speculated to raise for its IPO is less than 1% of Facebook’s record-breaking $105 billion IPO last year. It still remains to be seen whether or not Twitter will focus as aggressively on ads as Facebook has since it went public last year, but one thing is certain — your favorite Twitter apps are about to undergo some serious changes.

Jacob started covering video games and technology in college as a hobby, but it quickly became clear to him that this was what he wanted to do for a living. He currently resides in New York writing for BGR. His previously published work can be found on TechHive, VentureBeat and Game Rant.

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