Twitter to go public

Jeff John Roberts and Om Malik: "Twitter's indication that this is a confidential filing means, under recent SEC rules, the company's annual revenue is less than $1 billion … Sources familiar with Twitter's thinking tell us the company has recently received bids from hedge funds offering to buy the company outright for between $26 and $28 a share, which would value Twitter at $14 billion. The company has raised just over $1 billion in funding over the last several years as it has grown into one of the most ubiquitous fast-twitch communication networks of our time."