Twitter’s stock is falling sharply after the company’s earnings — due to be released after the stock market closes — came out ahead of time.
Twitter is going public. The short messaging service says it has filed confidential documents for an initial public offering of stock.
Gannett Co., the owner of USA Today and other newspapers and television stations, said Monday that net income fell 5 percent in the most recent quarter as newspaper advertising revenue fell and the company took charges for job cuts and other restructuring costs.
But even with the IPO uptick from Zuckerberg’s vow and the closing of the largest acquisition in the company’s history, questions continue to linger about the long-term economic health of the Facebook brand and the lack of company-to-investor transparency from a young company that has seen its IPO plummet considerably in the months since the social-media juggernaut went public.
Manchester United plans to go public. In the United States, to boot. The record 19-time English champions filed a registration statement with the Securities and Exchange Commission on Tuesday to hold an initial public offering of stock and become a listed company on the New York Stock Exchange.