DETROIT (WXYZ) - Twitter could soon be publicly traded on the stock market. The company announced plans for an initial public offering of stock today.
The company chose to make the announcement with a tweet, of course.
We've confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.— Twitter (@twitter) September 12, 2013
This announcement makes it clear that Twitter has taken the first step needed to go public.
They made the announcement right at 5:00 p.m.