Twitter is a real-time online social networking platform that allows users to post messages of up to 140 characters as well as photographs and links to other websites. These are known as tweets. It was founded in 2006 by Jack Dorsey. As of 2012 it reported over 500 million active users generating over 340 million tweets daily, making it one of the world's most visited websites.
Twitter valued at US$11b as it prepares IPO plan for 2014
Twitter could float on the stock market next year with a valuation of around US$11 billion, according to analysts.
In a report by Greencrest Capital, a firm that studies soon-to-IPO businesses, the microblogging site is already preparing to take the company public next year.
Max Wolff, a Greencrest analyst, told Forbes that Twitter's value increased after Facebook went public last year. Facebook's disappointing stock market debut saw its shares lose around half their value at US$38 a share.
Twitter, which allows users to share messages 140-characters long, is likely to perform better if analysts are to be believed.
Wolff said: "Using the secondary market for shares to mark enterprise value is a very difficult and opaque process. It is a rumour-rich and special-share-class soup. That said, Twitter is up since the Facebook IPO and is now valued at northward of US$11 billion.
"This makes sense as growth in users and new monetization efforts are both yielding fruit and pointing toward a good 2013 for Twitter."