Twitter discloses IPO plans

Twitter has taken the cover off its initial public offering, making public its prospectus and setting the clock on one of the most anticipated stock sales of the year, according to the New York Times.

Twitter reported revenue of $317 million in 2012, with $253 million in the first six months of this year.

However, the company reported a net loss of $789 million last year and $69 million for the first half of 2013, according to the Times.

The social media network disclosed that it plans to use the ticker symbol “TWTR,” but didn’t specify a stock exchange.

Read more at the New York Times.