Wednesday, July 31, 2013

Twitter may be staffing up for IPO

Tomohiro Ohsumi/Bloomberg

A USA Today report says Twitter is looking to hire a financial reporting manager to help it file for an IPO, despite CEO Dick Costolo's dismissal of talk of going public in the near future.

Cromwell Schubarth, Senior Technology Reporter, Silicon Valley Business Journal

A job posting found by a USA Today reporter on LinkedIn may indicate that Twitter is staffing up for an IPO.

A story posted Monday night on USA Today said that Twitter posted an opening for a financial reporting manager whose responsibilities would include helping to file the company's IPO prospectus with the Securities & Exchange Commission.

A check on Tuesday morning though found no such posting on LinkedIn nor among jobs posted on the San Francisco-based micro-blogging company's website. Twitter didn't immediately respond to a request for comment.

All Things Digital reported last week that its sources indicate an IPO filing could come by the end of the year and Twitter could debut on Wall Street in 2014.

Twitter officials have downplayed their plans, with CEO Dick Costolo saying recently that the company isn't focused on an IPO.

Meanwhile, it appears that Twitter is staffing up its new office in Sunnyvale where it is expected to have 30 to 40 people. It has posted an opening for a "Software Engineer, Core Runtime Diagnostics" for that location.

In case that sounds like a rather dry job, among the desired skills on the posting are that, "You are awesome, passionate, and nice."

Source: http://www.bizjournals.com/seattle/blog/techflash/2013/07/twitter-may-be-staffing-up-for-ipo.html?ana=RSS&s=article_search

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