Twitter Inc was incorporated in Delaware in April 2007. It provides a platform for public self-expression and conversation in real time. Its services are live, which includes live commentary, live connections, live conversations. Whether it is breaking news, entertainment, sports, or everyday topics, hearing about and watching a live event unfold is the fastest way to understand. It is developing a way for people to consume, create, distribute and discover content; it has democratized content creation and distribution. The Company's audience is not limited to logged-in users on its platform, but rather extends to a larger audience. The mobile application, Periscope, lets anyone broadcast and watch video live with others. It recently added the ability to broadcast from a GoPro camera, and to watch any broadcast live from a Tweet. Pairing Periscope with Twitter gives broadcasters greater distribution (anywhere a Tweet can be displayed, a Periscope can too) and the ability to integrate into revenue products. Vine is a mobile application that enables users to create and distribute short looping videos of up to six seconds in length. It does not currently monetize videos on Periscope or Vine, other than to the extent it can be integrated into revenue products. Its promoted products enable the advertisers to promote their brands, products and services, amplify their visibility and reach, and extend the conversation around their advertising campaigns. It competes against many companies to attract and engage users, including companies such as Facebook (including Instagram and WhatsApp), Google, LinkedIn, Microsoft and Yahoo, which offers a variety of Internet and mobile device-based products, services and content. The Company is subject to number of U.S. federal and state and foreign laws and regulations that involve matters central to its business. It is also subject to federal, state and foreign laws regarding privacy and the protection of user data.
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