Twitter has posted a substantial amount of losses over the past two years, but most recently analysts predict that the social media network might be worth up to $20B once trading starts. Twitter disclosed details from its most anticipated public offering come Thursday implied that it intended to raise about $1B per share sale. This move would most certainly enrich the social media giant’s founders.
People like Jack Dorsey, Twitter’s chairman, Evan Williams, fellow co-founder and former CEO, and Dick Costelo, CEO, would definitely enjoy this satisfying moment once Twitter goes public.
Source: The Guardian