When a company prepares to go public, all of their dirty little secrets must be put out in front of the world so investors can make educated decisions about whether or not to invest. Twitter has some things they hoped people wouldn’t notice. Here are some of them.
Twitter secretly submitted four drafts of its IPO prospectus to regulators before making public the version that drew so much attention yesterday. The changes made in the interim expose concerns about how much advertising Twitter can show its users and whether it can effectively grow outside the United States.
The drafts also reveal that Twitter hired about 300 people in the second quarter of this year, growing from 1,697 employees to “approximately 2,000.”