TechHive: Analysts: Going public gives Twitter a sustainable future

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thumbnail Analysts: Going public gives Twitter a sustainable future
Sep 13th 2013, 00:31

The days of shrugging off Twitter may soon be over. Some 200 million users strong, the site is already one of the most prominent social networks, but going public could give it the muscle to become the next Facebook or Apple, one analyst said.

"This is a great move for Twitter," Brian Blau said Thursday of Twitter's announcement via tweet that it had confidentially filed plans for an initial public offering.

"It's Twitter growing up, coming of age, maturing ... all those things," said Blau, an analyst with Gartner who focuses on consumer technology and social media.

"This gives it a sustainable future," he added.

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