Twitter Still Losing Money as it Plans IPO

Friday, 04 October 2013 | by Pat's Picks

Twitter has opened its books as part of its plan to raise up to $1 billion in an IPO. The social network revealed that it is yet to turn a profit and user growth has been slowing. While many have analysts compared Twitter’s valuations to Facebook, the New York Times points out Twitter is a fraction of the size of Facebook with just 218 million monthly average users to Facebook’s 1.16 billion users.

SOURCE: New York Times