Twitter to list on NYSE

Share via AddThis
Posted October 16, 2013

Twitter shares will trade on the New York Stock Exchange, documents showed Tuesday, shunning the tech-heavy Nasdaq which saw major problems in Facebook’s market debut in 2012.

The logo of social networking website 'Twitter' is displayed on a computer screen in London on September 11, 2013
The logo of social networking website ‘Twitter’ is displayed on a computer screen in London on September 11, 2013
An update to Twitter’s filing with the Securities and Exchange Commission said: “We intend to list the common stock on the New York Stock Exchange under the symbol ‘TWTR.'”

The update also said Twitter’s monthly active users had grown to 232 million, up from 218 million as of June 30.

It said the company lost $133 million in the first nine months of 2012 on revenues of $422 million, updating its earlier figures.

Twitter also revealed a new contract with chief executive Dick Costolo worth some $11.5 million, mostly in stock. And its senior vice president for engineering, Christopher Fry, will get $10.4 million, mainly in stock awards.

Twitter first revealed its initial public offering (IPO) in a confidential filing last month, and in early October revealed it would seek to raise $1 billion for the massively popular messaging platform.

Read more at: Phys.org



53,365 science & technology articles

Categories

Our Articles (see all)

General News

Follow us

Facebook   Twitter   Pinterest   StumbleUpon   Plurk
Google+   Tumblr   Delicious   RSS   Newsletter via Email

Featured Video (see all)

The Danish researchteam, CODER, has found out, that the human brain can beat the calculating powers of a computer, when it comes to solving quantum-problems. Image credit: Colourbox
Scientists map brain’s thesaurus to help decode inner thoughts
What if a map of the brain could help us decode people’s inner thoughts? UC Berkeley scientists have taken…

Featured Image (see all)


Experimental therapy for brain cancer could prevent drug resistance
UCLA and Caltech researchers have developed a technique that shows promise for preventing drug resistance in people with…