Twitter Releases IPO Filing

Twitter will raise $1 billion

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Updated: 5:56 p.m.

Twitter released its IPO filing Thursday, announcing an initial registration amount of $1 billion.

According to the report, which reveals some of the inner-workings of the company, Twitter operated at a loss of nearly $80 million in 2012 on revenue of about $317 million. The micro-blog had about 218 million active users in June.

Among its executives in 2012, CEO Richard Costolo made $11.5 million in salary and compensation, President of Global Revenue Adam Bain brought in $6.7 million, and Senior Vice President of Engineering Christopher Fry brought in $10.3 million.

Co-founders Evan Williams and Jack Dorsey currently own 12 percent and 4.9 percent of the company, respectively.

The social media company announced Sept. 12 that it had submitted a secret filing, which it must make public before it begins to sell stocks. On Monday, Quartz reported that Twitter planned to begin trading before Thanksgiving.

See the full filing here.