The suspense surrounding Twitter's IPO was heightened by the company's decision to take advantage of a law passed last year that allows companies with less than $1 billion in annual revenue to keep their IPO documents under seal until management is ready to make formal presentations to investors. Since former Google executive Dick Costolo became Twitter's CEO in 2010, the company's annual revenue has soared from $28 million to $317 million last year. Twitter ended June with 218 million users, up from 30 million in early 2010. More than three-quarters of those users, or 169 million people, are located outside the U.S. Twitter is growing fastest in Argentina, France, Japan, Russia, Saudi Arabia and South Africa.
Source: http://feedproxy.google.com/~r/timeblogs/nerd_world/~3/PtRv25Iqh8I/
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