Twitter Unveils IPO Details

Twitter unveils its IPO details:

Twitter is looking to raise $1B in capital as part of its initial public offering the company disclosed in a filing yesterday. It also announced it will trade under the ticker symbol TWTR, which caused TWTRQ the stock symbol for defunct Tweeter Home Entertainment Group, to jump nearly 2,000% before trading was halted to protect idiots from themselves.  The filing also indicates the current valuation of the company is $12.8B, despite a net loss of $69.5M due to large amounts of research and development spending. Most of Twitters $253.6M revenue came from mobile advertising.