The twittesphere is abuzz with news of its own public offering..
Yes tech people of Egypt, if you have a spare million lying around, now is the time to think about buying shares in one of the longest awaited public offerings in the tech industry. Twitter is about to float on the stock market. The social media platform has reached over 200 million regular users since its launch in 2006 and Wall Street institutions are literally falling over themselves to be the partner which takes the company public. Predicted valuations are hovering around the 10 billion dollar mark.
It's interesting to note that twitter managed to sort out its advertising model before going public, something which facebook did not do and suffered for accordingly. With promoted instream tweets, twitter has proved it can make money, and this above everything else is crucial to the success of the offering.