Twitter Announces IPO, Seeks To Avoid Facebook Mistakes

Twitter revealed (via Tweet, of course) that it plans to file for an initial public offering confidentially, just one of many steps the company is taking to avoid the mistakes that led Facebook to lose half its value following its $16 billion IPO last year. To avoid the prolonged public scrutiny Facebook underwent prior to going public, Twitter – whose value is estimated at around $10 billion – used the Jumpstart Our Business Startup (JOBS) Act, which allows companies that qualify as emerging growth companies file for confidential review and keep financial details under wraps until just before the market debut.