Twitter has announced it applied for an IPO, ending months of speculations on the subject. And while many are wondering whether to buy the stock when it becomes available, others are already going to get rich from the deal.
Jeff Bezos, Amazon’s CEO, also own a venture capital firm that was one of Twitter’s early investors. When the company goes public, they’re likely to make a huge profit, which would increase Bezos’ fortune even more, Mashable reports
While it remains unclear exactly how much Bezos Expeditions invested, initial public offerings are generally quite profitable for all those who trusted the companies from the beginning.
Twitter announced on its own platform that it had filed for an IPO, but refrained from providing any additional details on the deal. It is expected that the company’s stock could become available as early as the end of the year.