TWITTER to be sold soon.......#company has NEVER made a profit

£7bn Twitter is ready to float on Wall Street as documents reveal company has NEVER made a profit
More than 500 million tweets are posted every day and revenues tripled to £200 million
If it is valued at £7 billion it would be bigger than easyJet

Twitter is expected to be valued at £7billion when its shares are offered on Wall Street before the end of the year.

Launched in 2006, it has gone from a simple messaging site to a forum where everybody from world leaders to celebrities can write to hundreds of thousands of followers at once.

More than 500 million tweets are posted every day, but documents sent to the US market regulator ahead of the flotation reveal that it has never made a profit.

Revenues tripled to almost £200million last year but it still lost £50million. Twitter said it expected to go into the black by the end of next year.

A £7 billion listing would make it bigger in value than companies such as Morrisons and EasyJet.

In excess of 300 billion tweets have been sent since the service, which allows users to publish notes of 140 characters or fewer instantly, launched.

More than 250 million people use the site every month - with 100 million posting something every day.

Despite being free to use, the company is able to rake in millions of pounds selling advertising.

Last year its revenues tripled to almost £200million. But despite the increase it still made a loss of £50million.

#twitter #sold #7bn #twittersold #wallstreet #companyloss

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