Twitter tipped to be worth $11bn
Twitter could be worth $11 billion (£6.8 billion) according to analysts, which have also predicted the social network could be preparing for public flotation next year. A report by specialist financial researchers Greencrest Capital has triggered speculation that Twitter could be preparing to take the company public within the next 18 to 24 months. Twitter’s recent management hiring and efforts to monetise its service, including the introduction promoted tweets, could be helping to pave the way towards public flotation, according to Greencrest Capital analysts cited in an article by Forbes. It has also refined its photo app to better compete with Instagram. Their comments follow the public flotation of other tech giants including Zynga and Facebook and Groupon, all of which have seen a sharp drop in share value since they went public.