Morning Media Newsfeed: Twitter Files IPO | GOP Senators’ Hot Mic | RFK Photographer Dead

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Twitter Files to Raise $1 Billion, Company Not Profitable, Will Trade Under TWTR (GigaOM)
Twitter had revenue of $253 million in the first six months of 2013 but it was not profitable, according to its S-1 prospectus, which was made public late Thursday. The company filed the official IPO documents several weeks ago under the new JOBS Act, which allows companies with a market value of less than $1 billion to keep their filing hidden from public view for at least three weeks. The company said it plans to raise a maximum of $1 billion in the offering. NYT / Bits The company’s revenue, according to its newly filed prospectus, jumped to $317 million in 2012, almost triple its 2011 revenue of $106 million and more than 11 times its 2010 revenue of $28 million. Twitter narrowed its loss to $79 million last year, from $128 million in 2011. In 2010 it lost $67 million. About 85 percent of the company’s revenue comes from advertising, with the remainder coming from data licensing. AllThingsD Its symbol will be TWTR, but Twitter did not say where its stock would be traded. BuzzFeed / FWD Based on figures from the S-1, we calculated Twitter’s revenue per employee to see how the fledgling company compares with its peers. As it stands, it’s got a long way to go. Twitter makes less than $160K per employee. By comparison, Google makes more than $1 million. Twitter’s average revenue per employee is also less than Facebook, Yahoo!, and Zynga. TechCrunch Twitter lists a number of risk factors in the filing, noting that the business could be harmed if “influential users, such as world leaders, government officials, celebrities, athletes, journalists, sports teams, media outlets and brands or certain age demographics” conclude that an alternative product or service is more relevant; it is unable to convince potential new users of the value and usefulness of its products and services; or it is unable to combat spam or other hostile or inappropriate usage on the platform. AllThingsD Twitter has a growth problem. The company reported more than 215 million monthly active users in its S-1 Filing on Thursday. At the bare minimum, that means that as of June 30, the company has added on average only 15 million monthly active users since the company hit more than 200 million late last year. GalleyCat In the IPO, the company counted “one million third-party” websites that share tweets (including our GalleyCat feed in the lower right hand corner).

Kentucky Station Catches Republican Senators Huddling Over Shutdown Spin (TVSpy)
Paducah, KY NBC affiliate WPSD caught a glimpse of two leading Republicans talking about how they were going to talk about the shutdown. WPSD news director Bill Evans told TVSpy the station had asked for an interview with Kentucky Senator Mitch McConnell. When he showed up in the right spot, “An NBC producer/camera team hooked the Senator up and the producer asked questions while we recorded the answers here in Paducah.” While he was hanging out after the interview and WPSD was still recording Rand Paul, the junior Senator from Kentucky, approached the Republican Minority Leader and asked, “You got a second?” Politico After a CNN news hit, Paul came over to a “wired up” McConnell, who was sitting in front of a camera for his own interview. During the brief exchange, Paul suggested that Republicans would sound more reasonable if they struck a conciliatory tone on government funding than Democrats, who maintain that they won’t alter Obamacare as a condition of reopening the government. Gawker “I just did CNN,” Paul said. “I just said over and over again, ‘We’re willing to compromise. We’re willing to negotiate.’ I don’t think [Democrats] poll tested ‘We won’t negotiate.’ I think it’s awful for [Democrats] to say that over and over again.” “Yeah, I do too,” McConnell said. “I just came back from that two-hour meeting with them and that, and that was basically the same view privately as it was publicly.”