Twitter secures USD1 billion

(MENAFN) Twitter plans to allocate USD1 billion to its credit facility before its initial public offering in order to increase revenues, according to the National. Its IPO is expected to boost by USD1 billion. Facebook secured USD8 billion of its IPO, while Zynga secured USD1 billion when it was private. Shailesh Rao, a vice-president of Asia Pacific, Latin America and emerging markets at Twitter, commented: "We're constantly looking at ways to help people looking to follow certain accounts and find content that much easier."