October 4, 2013 02:18 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/C8NXkEdl3bM/
Why Twitter Isn't Turning a Profit
Perhaps the most surprising sentence in Twitter's IPO documents Thursday — and the most troubling news for fans of the social media service — came on page 23 of its S-1 filing
"We have incurred significant operating losses in the past," the company said, "and we may not be able to achieve or subsequently maintain profitability."
Translation: Twitter hasn't made a dime. And there's no guarantee it will in the future
See also: Twitter Files for $1 Billion IPO
The company lost $67 million in the first half of 2013, the filing revealed, and it has an accumulated deficit of $418.6 million. That total shortfall is larger than its revenue last year, $316 million, itself a smaller number than most analysts were expecting. Read more...
More about Twitter, Ipo, and Social MediaOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/C8NXkEdl3bM/
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