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Twitter Inc.
Business Summary
Twitter Inc. is a privately-held, venture capital-backed social networking company positioned on a micro-blogging platform. Twitter users post (known as "Tweets"), providing commentary, embedded media, or both. Tweets, which are limited to 140-characters, can be regularly received by users in an RSS-like feed if the user chooses to "follow" the publishing user. Twitter serves as many public figures' and brands' main public relations channel, allowing access to engaged users who may follow the company or person's tweets.
Twitter was founded in 2006 by Jack Dorsey, Biz Stone, Noah Glass, and Evan "Ev" Williams, and its headquarters are located in San Francisco, California.
Recent News, Updates, and Analysis
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The TOP 100 ACQUIRERS OF PRIVATE TECH COMPANIES IN 2012: (#1) FACEBOOK (#2) GOOGLE (#3) GROUPON (#4) TWITTER (#5) CISCO (PrivCo Report): 2,357 Private Tech Cos. Were Acquired; Surprises: TWITTER Bought As Many Private Tech Co's As Giant CISCO; SOFTWARE Was #1 Tech Sector, Beating INTERNET; BARCLAYS Ranked #1 M&A I-Bank, KIRKLAND & ELLIS #1 Law Firm For Private Co. Tech M&A Last Year
Feb. 2013 PrivCo has just released Vol. 1 of its exclusive Annual Private Company M&A Report Series: "The Top 100 Acquirers Of U.S. Private Tech Companies In 2012". This comprehensive, 353-page report provides in-depth private company M&A data, rankings, and analytics on 2012's private technology company acquisitions. … Read More » -
THE 2012 PRIVATE TECH COMPANY M&A REPORT
Feb. 2013 Who Are the 100 Most Active Buyers Of Private Tech Companies, What Private Tech Companies They're Buying, The Tech Sectors They're Targeting, The Investment Banks and Law Firms They Favorite, and PrivCo Reveals Exactly What They're Paying … Read More » -
PrivCo's Top 10 2013 PREDICTIONS (Part 1): (1) TWITTER Will File For An I.P.O. In 4th Quarter, IPO In Q1 2014 At $15B Valuation (2) HOSTESS Split In Two & Acquired, (3) TORY BURCH Will I.P.O. At $4B Valuation, (4) One-Third of All Incubators Will Shut Down, (5) CREDIT SUISSE Will Top I.P.O. Underwriter League Tables
Jan. 2013 January 8, 2013 2:00 am EST - PrivCo provides our Top 10 Predictions for 2013 (#1-5 revealed here, look out for our newsletter tomorrow containing predictions #6-10) … Read More » -
BREAKING NEWS: SQUARE Inc. Raising $200M Funding Round At Whopping $3.2 Billion Valuation, Double Year Ago Valuation; Round Led By Private Equity Firm RIZVI TRAVERSE; Founder Jack Dorsey (Also Co-Founder of Twitter) Now Officially A Billionaire
Jul. 2012 Square is closing a new $200 Million funding round valuing the 3 year old privately-held mobile payments company at a whopping $3.2 Billion valuation, representing a doubling of Square's last valuation of $1.6 Billion just 1 year ago, in July 2011. … Read More » -
Institutional Venture Partners (IVP) Raises Massive $1 Billion VC Fund: Tells PrivCo "Private Companies Will Stay Private Longer & Raise Bigger Venture Rounds"
Jul. 2012 PrivCo's exclusive interview with Gina Bauman, Director of Marketing at Institutional Venture Partners, and the venture capital firm's massive $1 billion VC fund raise. … Read More » -
Twitter's Business #Disappoints, Below Expectations; 2011 Revenues Less Than $100M; Lofty $8.4B Valuation in Jeopardy
Mar. 2012 March 12, 2012 – Privately-held, venture-backed social media platform Twitter Inc. once again makes headlines; this time in a very different light. According to recently leaked financials, Twitter is operating at only a fraction of analysts’ expectations with a meager $28.5 million in revenue culminating in a $67.8 million net loss for its 2010 fiscal year end. This represented just 1/5th of its internally projected 2010 revenue, and 2011 numbers fare no better. A net loss of $25.8 million on $23.8 million in revenue for the 4 months ending April 2011 means Twitter is losing two dollars for every dollar it brings in. … Read More » -
The Top 10 Largest Venture Capital Rounds of 2011
Jan. 2012 PrivCo, the private company financial data authority, has researched and ranked the Top 10 largest V.C. Funding Rounds of 2011 by size of the round: … Read More »
Overview & Corporate Organization
Basic Information
| Company Tags: | VC Backed |
| Year Founded: | 2006 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | San Francisco |
| State/Province: | California |
| Country: | United States |
| Phone: | View |
| Website: | www.twitter.com |
| Twitter: | http://www.twitter.com/TWITTER |
| LinkedIn: | http://www.linkedin.com/company/twitter |
| Facebook: | http://www.facebook.com/apps/application.php?id=2231777543 |
Corporate Organization
| Brands: | Tweet |
| Founders: | Evan Williams Jack Dorsey Biz Stone |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Internet > Internet Services > Social Media |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2012 | 2011 | 2010 | 2009 |
| Revenues | View | View | View | View |
| Cost of Goods Sold (Cost of Sales) | View | View | View | |
| Research & Development Expense | View | |||
| Total Operating Expenses | View | View | View | |
| Operating Income (Loss) | View | View | View | |
| Net Income (Loss) | View | View | View | |
| Sales & Marketing Cost | View | |||
| General & Administrative Costs | View | |||
| Interest & Other Expenses (Loss) | View | View | View | |
| Balance Sheet | 2012 | 2011 | 2010 | 2009 |
| Total Assets | View | View | View | |
| Total Liabilities | View | View | View | |
| Employee Figures | 2012 | 2011 | 2010 | 2009 |
| Total Employees | View1 | View | View | View |
| Productivity (Revenue/Employee) | View | View | View | View |
| Secondary Market Trading Activity | 2012 | 2011 | 2010 | 2009 |
| Company Valuation | View | View | View | View |
| Financial Notes: | |
| * | Twitter Inc. fiscal year end: 12/31 |
| 1 | As... read more. |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Twitter Inc. financials to Excel and create your own graphs.)
To view the graphs below, unlock this company report for $99 or Upgrade to a PrivCo Premium Subscription for site-wide access to all PrivCo private company research reports.
Twitter Inc. Revenues ($ MM): |
Twitter Inc. Cost of Goods Sold (Cost of Sales) ($ MM): |
Twitter Inc. Total Operating Expenses ($ MM): |
Twitter Inc. Operating Income (Loss) ($ MM): |
Twitter Inc. Net Income (Loss) ($ MM): |
Twitter Inc. Interest & Other Expenses (Loss) ($ MM): |
Twitter Inc. Total Assets ($ MM): |
Twitter Inc. Total Liabilities ($ MM): |
Twitter Inc. Total Employees: |
Twitter Inc. Productivity (Revenue/Employee) ($): |
Twitter Inc. Company Valuation (Millions): |
Twitter Inc. Registered Users (Millions): |
Twitter Inc. Active Users (Millions): |
Twitter Inc. Daily Tweets (Millions): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jul. 2008 | Completed | View1 | View | Acquisition Merger | View |
| Details | Nov. 2008 | Completed | View2 | View | Acquisition | View |
| Details | Nov. 2008 | Bid Submitted | View3 | View | Acquisition | View |
| Details | Dec. 2009 | Completed | View4 | View | Acquisition | View |
| Details | Apr. 2010 | Completed | View5 | View | Acquisition | View |
| Details | Apr. 2010 | Completed | View6 | View | Acquisition | View |
| Details | Apr. 2010 | Completed | View | View | Acquisition | View |
| Details | Jun. 2010 | Completed | View7 | View | Acquisition Asset Sale | View |
| Details | Oct. 2010 | Bid Submitted | View8 | View | Acquisition | View |
| Details | Dec. 2010 | Completed | View9 | View | Acquisition Other | View |
| Details | Feb. 2011 | Exploring / Rumored | View | View | Minority Stake Purchase | View |
| Details | May. 2011 | Completed | View | View | Acquisition | View |
| Details | May. 2011 | Completed | View10 | View | Acquisition | View |
| Details | Jul. 2011 | Completed | View11 | View | Acquisition | View |
| Details | Aug. 2011 | Completed | View12 | View | Direct Share Purchase Minority Stake Purchase | View |
| Details | Aug. 2011 | Completed | View13 | View | Acquisition | View |
| Details | Sep. 2011 | Completed | View | View | Acquisition | View |
| Details | Nov. 2011 | Completed | View | View | Acquisition | View |
| Details | Dec. 2011 | Completed | View14 | View | Acquisition Minority Stake Purchase | View |
| Details | Jan. 2012 | Completed | View15 | View | Acq-Hire Acquisition | View |
| Details | Jan. 2012 | Completed | View | View | Acquisition | View |
| Details | Mar. 2012 | Completed | View16 | View | Acq-Hire Acquisition | View |
| Details | Apr. 2012 | Completed | View | View | Acq-Hire Acquisition | View |
| Details | Apr. 2012 | Completed | View17 | View | Acq-Hire Acquisition | View |
| Details | May. 2012 | In Talks | View18 | View | Acquisition | View |
| Details | May. 2012 | Completed | View19 | View | Acquisition Direct Share Purchase Minority Stake Purchase | View |
| Details | Jun. 2012 | Announced | View | View | Acquisition | View |
| Details | Jun. 2012 | Completed | View | View | Acq-Hire Intellectual Property Sale (IP) | View |
| Details | Jul. 2012 | Exploring / Rumored | View | View | Acquisition | View |
| Details | Aug. 2012 | Completed | View20 | View | Acq-Hire Acquisition Intellectual Property Sale (IP) | View |
| Details | Oct. 2012 | Completed | View | View | Acq-Hire Acquisition | View |
| Details | Oct. 2012 | Completed | View | View | Acq-Hire Acquisition | View |
| Details | Jan. 2013 | Completed | View21 | View | Minority Stake Purchase | View |
| Details | Jan. 2013 | Completed | View | View | Acquisition Merger | View |
| Details | Feb. 2013 | Completed | View | View | Acquisition | View |
| Details | Mar. 2013 | Completed | View | View | Acquisition | View |
| Details | Apr. 2013 | Completed | View22 | View | Joint Venture / Partnership Formed | View |
| Details | Apr. 2013 | In Talks | View23 | View | Joint Venture / Partnership Formed | View |
| Details | May. 2013 | Completed | View | View | Acq-Hire Acquisition | View |
| Details | May. 2013 | Completed | View | View | Acquisition | View |
| 1 | Transaction terms were undisclosed, but...Read More → |
| 2 | Twitter acquired Values of n,...Read More → |
| 3 | Facebook reportedly offered an estimated...Read More → |
| 4 | Twitter filed a Form D...Read More → |
| 5 | Twitter acquired the iPhone application...Read More → |
| 6 | Cloudhopper's Joe Lauer and...Read More → |
| 7 | Twitter acquired a start up...Read More → |
| 8 | Facebook's $2 Billion bid to...Read More → |
| 9 | Twitter did not acquire any...Read More → |
| 10 | Under this deal, 2 AdGrok...Read More → |
| 11 | Twitter acquired BackType, a socialanalytics...Read More → |
| 12 | DST acquired primarily common stock...Read More → |
| 13 | Under this deal,...Read More → |
| 14 | Alwaleed and his investment company,...Read More → |
| 15 | Twitter, Inc. acquired Context...Read More → |
| 16 | Posterous's blogging service will be...Read More → |
| 17 | 3 of...Read More → |
| 18 | Talks regarding the acquisition commenced...Read More → |
| 19 | Acquired 100,000 common...Read More → |
| 20 | Through the acquisition,Twitter gains the...Read More → |
| 21 | BlackRock acquired $80 million in...Read More → |
| 22 | This aims to appeal to...Read More → |
| 23 | The partnerships would let Twitter...Read More → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Missing a deal? Tell us about it! tips@privco.com
VC/Funding Activity
| 1 | Union Square paid $0.02...Read More → |
| 2 | Issued $415,452 promissory note...Read More → |
| 3 | Investors paid $2.00 per share...Read More → |
| 4 | $2.0598 per...Read More → |
| 5 | $4.311 price...Read More → |
| 6 | Warrant...Read More → |
| 7 | Twitter's blog post regarding the...Read More → |
| 8 | Mixed issuance of...Read More → |
| 9 | Twitter series G funding round....Read More → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Missing a deal? Tell us about it! tips@privco.com
Detailed Business Description: Twitter Inc.
Twitter Corporate Overview
Business Description:
Twitter Inc. is a privately-held, venture capital-backed social networking company positioned on a micro-blogging platform. Twitter provides a platform for users to share short messages, known as "Tweets", that can be accessed through Twitter's website or by the blogging network's smartphone application. Users receive a live stream of Tweets on their account from the other users they choose to "follow".
Despite Twitter's constant stream of activity, a small portion of site's users create the majority of Twitter's content. After the United States, the most commonly represented countries on Twitter are the UK, Canada, Australia, and Brazil.
Revenue Model:
Twitter's service is provided free to the user and is technically ad-free. This is different from most social media companies, which use traditional Internet advertisements as a source of revenue.
Twitter generates revenue through two channels: data sales and promotional… Continue Reading →
Exhibits
- Feb. 2012 - Twitter Pushes Promoted Products for Mobile Users
- TweetDeck Updated Look (October 10, 2012)
- Oct 8, 2012 - Jack Dorsey's Reaction to "Reduced" Position
- Stock Option Plan
- Twitter, Inc. Trademark Documents
- Twitter Trademark Proceeding Documents
- Twitter, Inc. U.S. Patent App. 12/898,711 - Prioritizing Messages Within a Message Netw...
- Nov 18, 2011 - Twitter Amended Articles of Incorporation
- July 2009 - Twitter Internal Financial Projections
- 2008 - Twitter Service Founding Sketch 2008
- April 19, 2007 - Twitter Original Articles of Incorporation
- 2000 - Original Twitter Concept "Stat.us" by Jack Dorsey
Supplemental Resources
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