WASHINGTON, Sept 13: Twitter is leveraging its phenomenal growth for one of the hottest stock offerings in years, but questions remain on its ability to sustain its breakneck pace of expansion.

While financial details of the popular messaging platform are not public, the private company research firm PrivCo estimates that Twitter generated $245 million in revenue in 2012, and predicts the figure will be $500m in 2013.

This suggests a market value of some $15 billion for the initial public offering (IPO), PrivCo says, using a “conservative” pricing at 30 times its annual revenue.

“It’s not quite Facebook but it’s certainly the biggest thing since Facebook,” said Lou Kerner, founder of the Social Internet Fund, referring to the May 2012 IPO of the world's biggest social network.

“Social media is very hot, with Facebook hitting an all-time high, and investors are looking for other ways to play that,” Kerner told AFP.

Kerner said Twitter will be in high demand because “it is well on its way to becoming one of a small number of ubiquitous platforms used by a majority of people on the planet.”

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...