• Sun
  • Dec 21, 2014
  • Updated: 9:26am

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. 

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.

Monday, 11 November, 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

Twitter losses widen ahead of New York IPO

Twitter is shunning Nasdaq after Facebook's botched IPO there last year. Photo: Reuters

Twitter revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs.

17 Oct 2013 - 3:27am

The secret winner in Twitter share offer

Suhail Rizvi's Twitter connections have opened the doors to investing opportunities in other internet startups. Photo: Bloomberg

When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the internet.

7 Oct 2013 - 6:16am

Facebook's dismal debut clouds Twitter prospects

When Facebook was preparing to go public last year, the telephones at Granite Investment Advisers rang off the hook as clients called about the social media's company's highly anticipated debut.

7 Oct 2013 - 6:16am

Loss-making Twitter seeks to raise US$1 billion in IPO

A tweet from Twitter announcing the release of its IPO filing. Photo: Reuters

Twitter revealed its highly anticipated stock offering on Thursday, with the hugely popular messaging platform seeking to raise up to US$1 billion on Wall Street.

4 Oct 2013 - 10:44am

Twitter IPO marks end, beginning in social media era

Twitter is the only remaining major social network player up for grabs. Photo: AFP

Is Twitter’s stock offering the end of the social media era, or just the beginning?

While Twitter appears to have carved out its niche in the social Internet, a big question now is how much growth and innovation remains in the space.

Charlene Li at Altimeter Group sees a “last call” mentality around Twitter’s initial public offering (IPO).

17 Sep 2013 - 2:22pm