Twitter turned seven last week. I'm sure millions of
140-character birthday wishes were Tweeted out.
There probably are about that many people clamoring for the
social media site to go public.
With 500 million registered users, Twitter is firmly embedded
in the global mainstream. Even the pope had a Twitter
While that still pales in comparison to
1.2 billion monthly users, speculation is running rampant as to
when Twitter will follow the social network's lead in taking its
Facebook's IPO struggles
last May could be one reason Twitter has been reluctant to pull
the trigger on its own IPO.
The current Wall Street scuttlebutt is that a Twitter IPO is
about a year away. The thinking is that the company is taking its
time, making sure it's profitable so that it can avoid the same
), Pandora (
since those social media stocks went public.
Economists' best guess values Twitter at roughly $10 billion
right now - a tenth of Facebook's valuation when it went
A Twitter IPO is "not necessarily inevitable," as company CEO
Dick Costolo told the
Wall Street Journal
recently. Still, with rapidly multiplying user numbers and so
many people wanting to own a piece of the company they use to
connect with the world several times a day, demand for a Twitter
IPO is definitely reaching a fever pitch.
One hundred forty characters at a time.