Friday, October 18, 2013

Twitter to list on NYSE, more than doubles quarterly revenue

SAN FRANCISCO (Reuters) - Social networking website Twitter Inc, which said on Tuesday it would list its initial public offering on the New York Stock Exchange, more than doubled its third quarter revenue to $168.6 million.

But the company widened its net loss to $64.6 million in the September quarter compared with $21.6 million a year earlier, according to an amended IPO filing.

(Reporting By Poornima Gupta and Gerry Shih)

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