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Twitter

Twitter is a real-time online social networking platform founded in 2006. 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. 

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

Twitter avoids Facebook IPO overreach

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.