Twitter Files for IPO, Shows $317M in Revenue

Are we taking any bets on how Twitter's IPO is going to go? How in the world can a company that makes hundreds of millions a year be losing so much money.

In its first public disclosure of financial performance, Twitter revealed it is growing revenue fast but losing money. In a registration filing with the Securities and Exchange Commission, known as "form S-1," Twitter says its revenue increased to $316.9 million in 2012 from $106 million in 2011. Its net loss for 2012 was $79 million. In the first six months of this year, according to the filing, it pulled in $253.7 million in revenue, up from $122 million in the first six months of 2012. Yet its losses appear to be widening; the company lost $69 million in the first six months of this year, not far from its total loss for all of last year.

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