Report: Twitter lost nearly $100 million in 2010 and early 2011, leaked finances show

Twitter lost nearly $100 million from the beginning of 2010 through early 2011 according to leaked financial information, the website Gawker reported Friday.

A "source with close knowledge of Twitter's financials" provided Gawker with information from 2010 and the first four months of 2011, the website said Friday. The popular San Francisco microblogging platform lost $67.8 million in the 2010 calendar year and $25.8 million from January through the end of April in 2011, according to figures provided to Gawker.

Twitter is a private company and thus does not have to publicly report financial information. A company

spokesman said in an email Friday morning that there would be no comment on the report from Twitter.

Contact Jeremy C. Owens at 408-920-5876; follow him at Twitter.com/mercbizbreak.

Source: http://www.mercurynews.com/business/ci_20139514/report-twitter-lost-nearly-100-million-2010-2011?source=rss

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