In filing paperwork for an initial public offering, Twitter offered a glimpse at its financials going back to 2010, when the startup was just beginning to earn real money. But for two prior years, Twitter exercised its right to remain silent.
The lack of disclosure is perfectly legal, thanks to a new law that eases regulations on certain companies going public. Nevertheless, it raises an obvious question: What happened to Twitter in 2008 and 2009?
Those were tumultuous years for the startup, which launched in 2006 and became its own company in 2007. By 2008, Twitter was struggling to keep up with its rapid user growth, and service outages were frustratingly common. Read more…
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Read more : Twitter Is Hiding 2 Years of Financial Data
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