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Twitter announces IPO plans in tweet

Twitter announced yesterday they had filed for a planned IPO.
Posted By CAROLINE LEE, UPI.com   |   Sept. 13, 2013 at 2:34 PM   |   Comments

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Sept. 13 (UPI) -- Twitter announced yesterday they had filed for a planned IPO.

The company made the announcement in a tweet, though details were as limited as the 140-character count beyond the initial announcement.


The IPO may still be a while in the making, but analysts have begun studying it to determine whether it will be a good investment or whether it will flop in the way Facebook did.

Twitter's value has jumped as more users utilize the 'sponsored tweets' section. With more than 200 million users, many believe the sky is the limit with Twitter, with an estimated value at $10 billion.

There is still a question of whether Twitter will be profitable when it is up for an IPO or if it will continue to become profitable as it tries to keep up with its hype. Both LinkedIn and Facebook have been gaining value in recent months, but buyers will have to determine for themselves whether Twitter is a trend or a long-term investment.

Follow @cmlee and @UPI on Twitter.
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