In the weeks leading up to Twitter’s IPO, the biggest critique leveled at the company is its lack of profits. If nothing else, Twitter’s lack of profitability hardly makes it unique among giant tech companies. In the graphic above, NYU’s Simran Khosla charts the net income of 12 big public companies over the past ten quarters. Some, like Apple, never posted a loss during this period. Others, like Pandora, have almost never been profitable during this time. That means that if Twitter does begin to turn a profit by 2015, as analyst reports compiled by Bloomberg predict, it will still be ahead of plenty of other hyped public companies:
Yesterday, Twitter filed a Form S-1 for its impending IPO, valuing the company at $12.8 billion. But while Twitter will undoubtedly be the most talked-about IPO of the year, will it be as successful in the long-run as other anticipated public offerings? To put things in perspective we made a visualization showing the IPO stock price and current stock price of seven of the biggest public offerings over the past 10 years.
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Naval Ravikant: “If you have a strong hand, play it, but money has karma.” [Illustration by Hallie Bateman]
Between 2000 and 2003, “You couldn’t get a U-Haul out of San Francisco because everyone was taking them out of town and not bringing them back.”
Chris Sacca: “The art of self promotion, or taking credit for what a portfolio company has done, has reached intolerable levels right now.” (art by Hallie Bateman)
One use for #surface that wasn’t covered in the launch: cocktail tray (photoshopped by Hallie Bateman)
Many startups are forgoing traditional seed funding in favor of convertible notes. But what are they? Are they good for startups? Are they good for investors? The Explainer Music team breaks it all down in its latest video.
Which startups got funding last week? Catch up on all the significant announcements with our weekly funding GIF