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Twitter Sued for $124 M. for Pumping Investor Interest Before Its IPO

Nitasha Tiku · 10/30/13 02:18PM

Two financial firms filed a lawsuit in Manhattan federal court today alleging that Twitter had them organize a private sale of its shares and then cancelled the sale—all for the purpose of ratcheting up investor interest prior to its IPO. The complaint accuses Twitter of "using the aborted sale as a way to give the money-losing company a $10 billion market valuation and higher IPO price," says Reuters.

Nitasha Tiku · 10/25/13 12:50PM

Sony and "several other major Hollywood studios" are interested in turning Nick Bilton's book, Hatching Twitter, into a movie, TV series, or Netflix-style original, reports TechCrunch. Which method actor will have to get his nose pierced to play young Jack Dorsey?

Labor Relations, the Twitter Way

Sam Biddle · 10/19/13 01:04PM

You'll have to ask Ben Grossman, Head of Global Operations for Twitter Media, to repeat this poignant remark about San Francisco's new transit strike—because he deleted it. But not before we saw it.

Like Everyone Else, Twitter Hides from U.S. Taxes in Ireland

Sam Biddle · 10/18/13 12:08PM

If Twitter's transformation from "that micro-blogging service" to publicly traded advertising titan works out, it's going to have a painful tax bill. But there's good news! Twitter is already pulling an Apple and setting itself up with Irish money loopholes.

Twitter: Still Losing Even More Money

Sam Biddle · 10/15/13 05:38PM

Twitter tossed out a little update to its pre-IPO disclosures, and the soon-to-be-public company is still far, far away from profitable.

The Deleted Web Poetry of Jack Dorsey

Sam Biddle · 10/14/13 02:38PM

Soon, 36-year-old Jack Dorsey will be the chairman of a publicly traded Twitter, and worth hundreds of millions of dollars. A decade prior, before screwing his friends and changing the internet, he was JakDaemon: a moody young man in St. Louis, desperate to share his beauty with the world. Here's his archive.

Al Gore Almost Ruined Twitter

Sam Biddle · 10/10/13 09:59AM

Amid the self-aggrandizing and back-stabbery revealed in yesterday's Nick Bilton excerpt, one subtler piece of strange Twitter history: Al Gore wanted to buy it for the worst reason.