Column: Twitter’s Q3 revenue growth paves way for a super IPO
MINYANVILLE Credit: MINYANVILLE
On Tuesday night, social media titan Twitter filed an amended S-1 with the SEC, further setting the stage for what looks like a hugely successful IPO on the New York Stock Exchange this November.
Big Money!
Let's get right to the important stuff. The big news is that Twitter's advertising revenue growth accelerated to 123% from 113% last quarter. That matters because the most obvious bear case would be slowing growth -- the same kind that cut Facebook off at the knees ahead of its ill-fated 2012 public offering.
Total revenues grew just a bit slower at 105% (which is still pretty darn impressive), due to a slowdown in demand for Twitter's data licensing services, which accounted for just 9% of revenues.
Sarra Sounds Off, Ep. 15: LI's top basketball players On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra and Matt Lindsay take a look top boys and girls basketball players on Long Island.
Sarra Sounds Off, Ep. 15: LI's top basketball players On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra and Matt Lindsay take a look top boys and girls basketball players on Long Island.
