Twitter Worth More Than Sainsbury's as £619 Million IPO, £8 Billion Valuation Looms

By Gerald Lynch on at

How much are your tweets worth? Perhaps as much as $12.8 billion (or almost £8 billion) if the latest Twitter valuation is to be believed. That makes it worth more than a UK supermarket stalwart, the £7.36 billion Sainsbury's, as Twitter looks to hit the stock market with a $1 billion (£619 million) initial public offering.

Having submitted its Form S-1 filing to the SEC, Twitter also revealed a few interesting facts about its microblogging service. It now enjoys hosting the tweets of 215 million monthly active users (up from 200 million last December), while the three months ending June 30, 2013 saw 75 per cent of its monthly active users come to Twitter through a mobile device. [Bloomberg]

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