IPO Plunges Twitter into Negative Territory
Twitter’s sales increased 110 percent thanks to strong advertising revenue over the course of the past year. At the same time, the company suffered a 645 million U.S. dollar loss, the worst in its history. The main culprit was the IPO in the fourth quarter of 2013. Handing out stock to staff incurred costs of 521 million U.S. dollars.
