Just Another Tweet

Twitter tweeted (of course) that it's filed paperwork that will lead to an IPO. Analysts and investment bankers estimate the company could be worth $10 billion, an aggressive valuation since we know that its sales are under $1 billion for the year (no mention has been made about profits):

The firm has taken advantage of a rule that lets companies with less than $1 billion in revenue file for an IPO confidentially (eMarketer, a research firm, reckons Twitter’s sales will be $583m this year).

Because of the SEC's small-filers exemption, we know very little about Twitter's finances. However, the finances of Twitter employees and San Francisco realtors and luxury car dealers are definitely looking up.