Twitter Initial public offering (IPO)-——On September 12, 2013, Twitter announced that it had filed papers with the U.S. Securities and Exchange Commission (SEC) ahead of a planned stock market listing.[95] It revealed its prospectus in an 800-page filing.[96] Twitter planned to raise US$1 billion as the basis for its stock market debut.[97] The IPO filing states that “200,000,000+ monthly active users” access Twitter and “500,000,000+ tweets per day” are posted.[34][98] In an October 15, 2013 amendment to their SEC S-1 filing,[99] Twitter declared that they would list on the New York Stock Exchange (NYSE), quashing speculation that their stock would trade on the NASDAQ exchange. This decision was widely viewed to be a reaction to the botched initial public offering of Facebook.[100] On November 6, 2013, 70 million shares[101] were priced at US$26 and issued by lead underwriter Goldman Sachs.[102]
On November 7, 2013, the first day of trading on the NYSE, Twitter shares opened at $26.00 and closed at US$44.90, giving the company a valuation of around US$31 billion.[103] The paperwork from show of November 7 that among the founders, Williams received a sum of US$2.56 billion and Dorsey received US$1.05 billion, while Costolo’s payment was US$345 million.[104] On February 5, 2014, Twitter published its first results as a public company, showing a net loss of $511 million in the fourth quarter of 2013.[105] On January 5, 2016, CEO Jack Dorsey commented on a report that Twitter planned to expand its character limit to 10,000 (private messages already had the longer limit as of July), requiring users to click to see anything beyond 140 characters. He said while Twitter would “never lose that feeling” of speed, users could do more with the text.[106]
In September 2016, Twitter shares rose 20% after a report that it had received takeover approaches.[107] Potential buyers were Alphabet (parent company of Google),[107] Microsoft,[108][109][110] Salesforce.com,[107][111] Verizon,[111] and The Walt Disney Company.[112][113] Twitter’s board of directors were open to a deal, which could have come by the end of 2016.[107][114] However, no deal was made, with reports in October stating that all the potential buyers dropped out partly due to concerns over abuse and harassment on the service.[115][116][117] In June 2017, Twitter revamped its dashboard to improve the new user experience.[118][119]
CASE IN POINT After a selectively edited video of the Covington Catholic teens went viral on Twitter, verified, bluecheck accounts accused the minor teens of mobbing and harassing a Native American activist — the full video of what transpired proved this narrative to be a huge lie. *********
Verified accounts ran with the lie and called for the murder, physical assault and even sexual crimes to be committed against the children. These calls for violence against children clearly violate Twitter’s ‘Terms of Service,’ however they took no action against the accounts. Every single account is still up. *********
Twitter has taken no action against these verified bluecheck accounts even though they blatantly violated the terms of service. In fact, hundreds of people reported ‘House Shoes,’ a Los Angeles-based DJ who called for the Covington Catholic kids to be burned alive and Twitter said in a response that his tweets did not violate the rules. (Excerpt) Read more at thegatewaypundit.com ...
This pattern and practice of making death threats proves that Twitter is not a common carrier;
its executives should be liable for crimes committed using that service.
cont