Twitter

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. 

Turkey's PM Erdogan threatens to wipe out Twitter

Turkish Prime Minister Recep Tayyip Erdogan

Twitter has been largely shut down in Turkey, just hours after Prime Minister Recep Tayyip Erdogan threatened to “wipe out” the social network which, along with others, was highlighting corruption allegations against his inner circle.

Saturday, 22 March, 2014, 12:09am

Twitter chief's Shanghai visit may signal growing interest in China

Twitter CEO Dick Costolo arrives at Shanghai's Pudong Airport. Photo: Reuters

Twitter chief executive Dick Costolo will meet Shanghai municipal government officials, academics and students in his first visit to China, signalling Twitter's interest in cracking a lucrative but thorny market with 600 million internet users.

18 Mar 2014 - 1:11am

Twitter's stock falls 18 per cent on paltry growth in users

Twitter's user growth fell in every quarter last year. Photo: AFP

Twitter reported its slowest pace of user growth in recent history, dimming hopes the social media phenomenon can sustain its torrid pace of expansion and wiping out nearly a fifth of the company's value in after-hours trading.

7 Feb 2014 - 2:00am

Hong Kong courtrooms now permit tweeting, texting

Professor Doreen Weisenhaus

Legal and media scholars have praised the judiciary’s decision to allow live text-based communication from court – paving the way for journalists and members of the public to tweet and send e-mail messages.

29 Jan 2014 - 12:31pm 1 comment

Apple buys Twitter data analysis firm Topsy

Apple buys Twitter data analysis firm Topsy

Apple has acquired social media search and analytics start-up Topsy, an unusual purchase for a hardware-focused company that has made few forays into social networking.

4 Dec 2013 - 6:28am

How SEC rule legitimises bogus earnings reports

Twitter's management says the firm reported a "non-GAAP net loss" of US$44 million for the first nine months of this year. Photo: Reuters

Twitter's red-hot stock offering last week makes clear that, as in the first internet bubble, investors will pay up for a company even if it has not turned a profit.

11 Nov 2013 - 7:01am

Frustrated Chinese bloggers greet Twitter’s successful IPO with satire

Frustrated Chinese bloggers greet Twitter’s successful IPO with satire on Friday. Photo: Xinhua

When Twitter’s successful IPO made newspaper headlines all over China on Friday, many said they were shocked by the exceptional performance of a website that “never existed” in their world.

12 Nov 2013 - 4:55pm

After spectacular IPO, Twitter needs to justify lofty valuation

The market is valuing Twitter at nearly as much as CBS or Yahoo. Photo: Xinhua

Twitter made a spectacular Wall Street debut on Thursday but analysts warned of challenges ahead for the popular messaging service vying to become the next fixture for internet users worldwide.

8 Nov 2013 - 11:10am

Twitter shares rocket on debut

Twitter opened at US$45.10 a share, up from the initial public offering price of US$26 set on Wednesday. Photo: Bloomberg

Twitter stock soared 92 per cent in their first day of trading on the New York Stock Exchange as investors snapped up shares in the microblogging site, pushing its market value to a heady US$25 billion.

8 Nov 2013 - 1:58am

Twitter burnout puts revenue hopes at risk

Twitter priced its IPO at US$26, above the top of its offered range. Photo: AP

They loved it. Now they hate it.

A growing number of celebrities, athletes and self-promoters are burnt out and signing off Twitter.

Some people built big audiences on the short messaging service only to have their followers turn against them. Others complain that tweets that once drew lots of attention now get lost in the noise.

8 Nov 2013 - 9:52am

Twitter IPO pricier than Facebook's

While Facebook was profitable when it went public, Twitter lost US$64.6 million in the third quarter of this year. Photo: AP

Twitter boosted its IPO price on Monday to US$23 to US$25 a share, which would give the microblogging service a market capitalisation of US$13.6 billion at the top end of the range. That would value the company at 11.8 times its estimated 2014 sales, higher than the 11.4 times price-sales ratio for Facebook.

6 Nov 2013 - 5:37am

Twitter avoids Facebook IPO overreach

People talk inside JP Morgan headquarters near a Twitter banner, before the firm's IPO in New York. Photo: Reuters

Twitter seems to be avoiding Facebook’s overreach - so far. The microblogging site’s provisional pricing for its initial public offering is US$17 to US$20 a share. Calculations suggest that’s modest by the metrics available, though without profit these require a leap of faith. At least Twitter seems to be avoiding the premature heights of Facebook’s flawed debut last year.

26 Oct 2013 - 2:04pm

Sweet tweets

Twitter has more than doubled its annual revenue, to US$534.4 million as of September, but user growth is slowing. Photo: Bloomberg

Twitter's US$10.9 billion initial public offering valuation is as economical as its 140-character tweets.

26 Oct 2013 - 2:55am

White House official fired for anonymous caustic tweeting

Jofi Joseph sent anonymous tweets for more than two years. Photo: AP

A senior White House official who was helping negotiate nuclear issues with Iran has been fired after being unmasked as the acidic voice behind a Twitter account known for its insults of public figures at the White House and on Capitol Hill, a government official said on Tuesday.

24 Oct 2013 - 5:04am

Internet firms' dual-class shares are best avoided

Twitter and Alibaba's upcoming IPO are putting a spotlight on dual-class ownership. Photo: Reuters

When a company goes public, it must tell shareholders how it plans to govern itself. The new owners are promised a piece of the profits and a say in how the company is run. The standard arrangement for apportioning control is "one share, one vote". That is a good, tried-and-tested design, but it seems to be going out of fashion.

22 Oct 2013 - 3:27am