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Julia Boorstin Explains Why Twitter’s IPO Is So Highly Anticipated By Wall Street Investors
Twitter is set to launch its Initial Public Offering later this week and it’s expected to raise $1 billion—depending on the IPO price. Twitter’s estimated market capitalization is between $17 billion and $20 billion.
Yet, like so many Internet companies before, Twitter makes no money. It generated a $69 million loss on revenue of $254 million for the first 6 months of 2013.
Why, then, is Twitter’s IPO so highly anticipated by Wall Street investors?
Julia Boorstin, CNBC's crack journalist covering media and entertainment is with me to discuss this.
The post Julia Boorstin Explains Why Twitter’s IPO Is So Highly Anticipated By Wall Street Investors first appeared on Brainstormin' with Bill Frank.
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By Bill FrankTwitter is set to launch its Initial Public Offering later this week and it’s expected to raise $1 billion—depending on the IPO price. Twitter’s estimated market capitalization is between $17 billion and $20 billion.
Yet, like so many Internet companies before, Twitter makes no money. It generated a $69 million loss on revenue of $254 million for the first 6 months of 2013.
Why, then, is Twitter’s IPO so highly anticipated by Wall Street investors?
Julia Boorstin, CNBC's crack journalist covering media and entertainment is with me to discuss this.
The post Julia Boorstin Explains Why Twitter’s IPO Is So Highly Anticipated By Wall Street Investors first appeared on Brainstormin' with Bill Frank.