Twitter filed details for the securities regulator late Thursday to prepare for its initial public offering. In it, Reuters reports, the company reveals substantial year-over-year revenue growth and unsurprising, ongoing operational losses. Twitter indicates its revenue sources are ostensibly the advertising market. The company is aiming to raise $1 billion in the offering, GigaOm reports, but where it will be offered is still unclear. One fact from the filing Thursday: there were 218 million active users in the three months ending June 30, three-quarters of them mobile users.
Tom Kent, the Associated Press standards editor, writes for Huffington Post on providing greater definition to who is a journalist. Among many things he argues for a basic ethics test that involves determining if someone's work is for the public, if it is verifiable, if it conveys various points of view, and if it avoids or declares conflict.
Two journalists have been suspended and an investigation is under way at the Mail on Sunday after a reporter from the organization showed up at the funeral for the uncle of the British Labour Leader. The Guardian reports the paper has apologized to the political leader, who had complained to its proprietor about an invasion of privacy.
Ken Doctor, writing for the Nieman Journalism Lab, looks at the "tipping year" in Germany as its print media shifts concertedly to digital. He looks at the recent major media transaction involving newspapers and how the country's major media are recognizing the necessity of freeing themselves from "legacy constraints."