Twitter Stays Mum on Profit on Roadshow Ahead of IPO
This article is for subscribers only.
Twitter Inc. sought to drum up investor interest this week for its initial public offering by talking about mobile growth and advertising capacity. Notably absent from the list: profits.
As the money-losing company held roadshow meetings in New York and Philadelphia, Twitter executives discussed no plan for breaking even, according to people with knowledge of the discussions that took place at New York’s Mandarin Oriental yesterday and at the Philadelphia Ritz-Carlton on Oct. 28. That left some attendees questioning the value of Twitter as a long-term investment, said Max Wolff, chief economist and strategist at ZT Wealth, who had spoken to investors who attended the Philadelphia meeting.