- Bloomberg reports Twitter (TWTR), which stated in its public S-1 it's looking to raise $1B, is now looking to raise more than that. The news service adds Twitter will be paying underwriting fees of 3.25%, well above the 1.1% charged to Facebook but below the 5.7% averaged this year by U.S. IPOs.
- One issue likely to come up during Twitter's IPO roadshow: the fact U.S. user growth is stalling. App developer Onavo estimates the percentage of iPhone owners using Twitter actually fell fractionally between March and August, to 27%. By contrast, Instagram's share rose to 38.3% from 34%, and Snapchat's to 20.8% from 13.2%
- Give Twitter's Q2 U.S. ad revenue per 1K timeline views was over 7x international levels, a lack of U.S. user growth stands to have big top-line implications.
- Onavo's numbers follow an AllThingsD report indicating Twitter is dealing with heavy churn, as new users accustomed to Facebook's more conversation-centric UI become intimidated by Twitter's "firehose" of 140-characters-or-less updates.
Twitter reportedly upsizing IPO, paying higher fees than Facebook
From other sites
at Zacks.com (Apr 9, 2015)
at CNBC.com (Apr 7, 2015)
at MarketRealist.com (Apr 6, 2015)
at CNBC.com (Mar 28, 2015)
at Zacks.com (Mar 27, 2015)
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