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Twitter 'likely to list on Nasdaq'

4 October 2013 Last updated at 04:11 BST

Social networking company Twitter has said it plans to raise $1bn (£619m) in its stock market debut in documents filed with US regulators.

In the filing, revealed on Thursday, the seven-year-old company said it now has 218 million monthly users and that 500 million tweets are sent a day.

It reported a net loss of $69m during the first six months of 2013, on revenues of $254m.

Though the company did not say which stock exchange it plans to list on, Peter Esho from Invast Financial Services, told the BBC it was likely to be on the Nasdaq.

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