Twitter has boomed in popularity as celebrities from across the world are using it as a portal to keep in touch with fans. Some celebrities have over 30,000,000 followers and those numbers are growing daily. Facebook has never catered for large audiences. With friend limits of 5,000 and Facebook Pages which don't really provide much use at all to readers, it's no wonder by Facebook has been on the decline lately. In comparison though, Twitter continues to trend across the world and reaches out to more people daily than any other website on the internet.
Howard Orloff has written a letter to Mr. Costolo, the man behind the social media giant. With the recent news of Twitter going public, Howard wants to persuade the director to taking the company public. He wants to see Twitter give the opportunity for the users of Twitter to invest in their company. He wants Twitter to go down the route of a crowd funded IPO, which will give a share of the profits back to the people using Twitter every single day.
As has been seen from Facebook recently, letting the big major corporations and investors into the company may just destroy. You can read Howard's full letter here and get the low down on why Twitter should skip using lawyers, brokers and investment banks: