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September 15, 2013

Twitter Doubles its Revenue numbers, exceeds $500 million revenue

With a 100% Growth in revenues, Twitter set to launch an IPO
Twitter will generate more than 500 million dollars in revenue this year, according to an assessment by PrivCo. This represents a doubling of the firm’s estimated 245 million dollars of revenue in 2012. Other analysts estimate even higher sales figures, with eMarketer claiming the micro-blogging platform will make 583 million dollars in revenue in 2013 with over one billion forecast for 2014. Notoriously secret, Twitter has not published any figures. However, this is likely to change in the near future - Twitter announced its IPO by tweet on Thursday and it could fetch upwards of 15 billion dollars, according to PrivCo’s experts.