Profile: Twitter was founded in 2006 by Jack Dorsey, Evan Williams, Biz Stone, and Noah Glass and is headquartered in San Francisco, CA. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Twitter provides a network that connects users to people, information, ideas, opinions and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. Twitter can also be used as a marketing tool for businesses.
Twitter developer Glass had previously created a venture called Oleo, a failed pioneer in podcasting. He teamed up with the other three to build Twitter from the ashes of that venture. Twitter’s messaging platform has 152 million daily active users as of the end of 2019.The company generates revenue primarily through advertising, with a second revenue stream from data licensing and other services.
Top Executives: Mr. Patrick Pichette is the Chairman, Mr. Jack Dorsey is the CEO and Co-Founder and Mr. Ned Segal serves as CFO of Twitter.
Investment management company Vanguard Group holds the largest stake in Twitter. Vanguard’s stake in Twitter represents nearly 79 million shares. This constitutes just under 10% of all outstanding Twitter shares.
Multinational financial services and investment company Morgan Stanley (MS) holds the second-largest stake in Twitter as it roughly amounts to 46 million shares, representing 5.8% of outstanding shares.
BlackRock Inc currently owns 37.2 million shares of Twitter. This stake accounts for roughly 4.7% of all outstanding shares.
Sales: Fourth quarter’s costs and expenses totaled $1.04 billion, an increase of 21% year over year. This resulted in operating income of $252 million and 20% operating margin, compared to operating income of $153 million and 15% operating margin in the same period of the previous year. For the same period, Twitter’s net income was $222 million, representing a net margin of 17% and diluted EPS of $0.27. This compares to net income of $119 million, a net margin of 12% and diluted EPS of $0.15 in the same period of the previous year.
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