Twitter Moving Toward IPO?
JPMorgan Chase may be looking to invest in Twitter, according to The Wall Street Journal. But, don’t expect the microblogging site to go public anytime soon.
“The company is not thinking about that right now. We are looking to build a product … the best product that can reach a global audience,” Twitter co-founder Jack Dorsey told FBN last week.
Twitter, which was founded in 2006 and now boasts 200 million users, is estimated to be valued at more than $4 billion. This year, the company is on track to earn $150 million in revenue, according to eMarketer.