Twitter to raise $1.25 billion through convertible note offering
- Twitter (NYSE:TWTR) intends a private offer with $1.25B aggregate principal amount of convertible senior notes due in 2026.
- Initial purchasers of the notes will have a 13-day option to buy up to an additional $187.5M of notes to cover any over-allotments, if any.
- The notes will be convertible into cash, Twitter common stock, or a combination at Twitter's election.
- Interest rate, initial conversion rate, and other terms will be determined at the time of pricing.
- Press release.
- Twitter shares are up 0.9% pre-market to $77.75.
- Last week, Twitter held its analyst day and discussed revenue strategies that included "super followers."
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Comments (20)
So, after having shown about 7.5% annual growth for the past three
years, in-spite of getting hundreds of millions in free advertising
provided by the Trump Derangement Syndrome, the weirdo from San
Francisco is telling the analysts that he will double the revenue within
the next three years.How, by attempting to do what just about any online communication / streaming service is now doing . . . . .Well, I went short - naked short. Capitalized at over $300/user is nuts, at half the price.
years, in-spite of getting hundreds of millions in free advertising
provided by the Trump Derangement Syndrome, the weirdo from San
Francisco is telling the analysts that he will double the revenue within
the next three years.How, by attempting to do what just about any online communication / streaming service is now doing . . . . .Well, I went short - naked short. Capitalized at over $300/user is nuts, at half the price.
SPITTER is already restricting fair speak on anyone who doesn't tow the line concerning the scam demic and the phony vaccines.
I think around five Twitter accounts in those numbers are mine. I refuse to give them my phone number so as soon as I offend some leftist loon, they suspend my account until I give a number... I just make a new account later if I feel like political debate (the only thing Twitter used to be useful for). Twitter is a joke of a company and without Trump and without big tech destroying Parler, Hack Jack would he done for.
Give me cash, cash, cash... because the business keeps burning cash. Twitter should be a mature business by now, but it is still borrowing to pay the bills.
@Sophos Jack is borrowing to be able to pay for the continuation of this fraud and fake some revenues.
What a shock SPITTER is borrowing more billions to keep afloat the management stock ponzi scheme awarding.