Twitter: ready to float on Wall Street for 7bn but company has NEVER made profit

More than 500 million tweets are posted every day and revenues tripled to 200 millionIf it is valued at 7 billion it would be bigger than easyJet. More than 500 million tweets are posted every day, but documents sent to the US market regulator ahead of the flotation reveal that it has never made a profit. More than 250 million people use the site every month - with 100 million posting something every day. More than 64,000 people signed a petition in the wake of the incident calling for a 'zero tolerance' policy on abuse by the site's owners, who stand to make millions from the float.

Source: http://www.dailymail.co.uk/news/article-2445056/Twitter-ready-float-Wall-Street-7bn-company-NEVER-profit.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490