UPDATE: Gasparino: 'Twitter Reevaluating IPO Plans Following Facebook (FB) IPO Debacle'
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(Updated - August 23, 2012 3:25 PM EDT)
On Fox Business Network reporter Charles Gasparino's Twitter account, he basically said microblogging giant Twitter might have been scared away from an IPO following the fumbled Facebook (Nasdaq: FB) in May.
According to the account: 'Twitter reevaluating IPO plans following FB IPO debacle; IPO at least year away; Twitter execs believe FB unprepared for IPO...'
Additionally, comments from Gasparino have Twitter founder Jack Dorsey working with JPMorgan's (NYSE: JPM) CEO Jamie Dimon on the IPO. Twitter working on a growth strategy before filing any paperwork, noted the reporter.
On Fox Business Network reporter Charles Gasparino's Twitter account, he basically said microblogging giant Twitter might have been scared away from an IPO following the fumbled Facebook (Nasdaq: FB) in May.
According to the account: 'Twitter reevaluating IPO plans following FB IPO debacle; IPO at least year away; Twitter execs believe FB unprepared for IPO...'
Additionally, comments from Gasparino have Twitter founder Jack Dorsey working with JPMorgan's (NYSE: JPM) CEO Jamie Dimon on the IPO. Twitter working on a growth strategy before filing any paperwork, noted the reporter.
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