Twitter’s short and simple tweet fails to answer key questions
By Richard Waters and April Dembosky in San Francisco (F. TIMES)
F. Times. Sep 13, 2013 5:14 pm
A tweet running to 135 characters was all it took late on Thursday to launch one of the year’s biggest financial stories: that Twitter has taken the first steps towards an initial public offering.
The complete absence of further information about the proposed share sale, however, left potential investors in the dark about key facts such as the state of the company’s business, how it plans to handle the share sale or how much money it hopes to raise.
Twitter’s decision to reveal nothing about its IPO beyond a single tweet marks the most conspicuous use so far of a recent legal change in the US that lets companies keep such information confidential until close to the time they sell the shares… MORE
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