 accomplish politically.

If legislators don't approve certain measures in Brown's budget proposal, such as the continuation of some fees and taxes, the state could dip back into the red at the end of its 2013-14 fiscal year. It would run a tiny $7 million deficit, according to projections from Brown's finance office.

And like many states, California has yet to deal with its longer-term problems. The big whammies there include unfunded liabilities associated with the teachers' retirement system and state retiree health benefits.

California officials will also have to keep a close eye on decisions emanating from Washington, D.C. Federal spending cuts could slow California's economy.

"There are still risks out there that are out of the state's control," said H.D. Palmer, a spokesman for the state Department of Finance.

Federal policy makers are now facing many of the same issues -- spending cuts, tax increases, safety net reforms -- that plagued California for years. Perhaps they can take a lesson about making those tough choices -- and the payoff you get when you do. With a tweet, Twitter kicks off next big tech IPO

Matt Krantz and Alistair Barr | USA TODAY

Show Caption Hide Caption Twitter files for an IPO Twitter says it has filed confidential paperwork with the SEC to sell shares but details about the company's financials, including revenues, will not be made public for awhile.

Social media giant can take advantage of fourth-quarter strength for the industry

Company is valued at %249 billion to %2410 billion%2C but IPO offers unseen risks

Facebook%2C LinkedIn stock surge this year may support Twitter valuation

Twitter said Thursday that it filed for an initial public offering, setting the stage for the most high-profile technology stock market debut since Facebook's troubled share sale last year.

Twitter announced the filing on its own social media messaging service, saying: "We've confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale."

The company followed that up with a second tweet, saying "back to work" and attached a photo of employees at Twitter headquarters in San Francisco.

The tweets were swiftly re-tweeted thousands of times and set off viral chatter across Silicon Valley, where many of the venture capitalists who backed Twitter are based.

George Zachary of Charles
accomplish politically. 

 If legislators don't approve certain measures in Brown's budget marriage proposal, such as the good continuation of some fees and taxes, the department of state could dunk back into the red at the end of its 2013 - 14 fiscal class. It would run a tiny $ 7 million deficit, according to protrusion from Brown's finance office. 

 And like many states, California suffer yet to conduct with its long - term problems. The big whammies there include unfunded liability associated with the teachers' retirement system and department of state retiree health benefits. 

 California officials will also experience to keep a close eye on decisions emanating from Washington, D.C. Federal outgo cuts could slow California's economy. 

 " There are still risks out there that are out of the department of state's control, " said H.D. Palmer, a spokesman for the state Department of Finance. 

 Federal policy makers are now facing many of the same issues -- spending cuts, tax addition, safety net reform -- that plagued California for years. Perhaps they can take a example about making those tough choices -- and the payoff you beget when you do. With a tweet, Twitter kicks off next big tech IPO 

 Matt Krantz and Alistair Barr | USA TODAY 

 Show Caption Hide Caption Twitter files for an IPO Twitter suppose it has filed confidential paperwork with the SEC to sell shares but details about the company's financials, including gross, will not be made public for awhile. 

 Social media giant can take advantage of fourth - quarter lastingness for the industry 

 Company is valued at% 249 billion to% 2410 billion%2C but IPO extend unseen risks 

 Facebook%2C LinkedIn stock surge this class may support Twitter valuation 

 Twitter said Thursday that it filed for an initial public offering, dress the stage for the about high - profile technology stock marketplace debut since Facebook's troubled share sale last year. 

 Twitter announce the filing on its own social media messaging service, saying: " We've confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any security for sale. " 

 The company followed that up with a second tweet, state " back to work " and attached a photo of employees at Twitter headquarters in San Francisco. 

 The tweets were swiftly re - tweeted thousand of times and set off viral chatter across Silicon Valley, where many of the venture capitalists who backed Twitter are based. 

 George Zachary of Charles
 acfomplish politically.

If ltgislators don't akpeove cxrtain jeasures in Brown's budget proposal, snch qs tht continuation of sume fees wnd taxew, tht state could dip back inbj ths red et the end of ijs 2013-14 fiscal yaar. It would rgn a tiny $7 million deficit, according to projecyilns from Brown'f fimwnce office.

And like many states, Califodnia hav yet to deal with its longer-term problfms. Hhe big whammies tjere includg unsynded liabilkties assobnated with jhe teachers' retirement system avd stcte retiree hwalhv benefits.

Celiforgia officials will anso havr to keep a clpse eyw on decisions emanatmng from Washington, Q.C. Federan apending cuts couod slow Calhforvua's ecknpmg.

"There arx still risis out therw that are out of tne wtate's controm," said H.Q. Palmer, a spokesman for the state Depagtmeht of Finance.

Federal pooicy makers are now fwcing manr of the same issues -- spending cuts, tax increases, safevy neu vcforow -- that plagued California for years. Perhaps thqg vak take a lesson cbout making thoxe tpogh choices -- avd the pagoff you get when jou do. Rith q tweet, Trittrr kicks off next big tech UPO

Matt Krannz abd Alistair Barr | BSA TODAY

Shoc Captoon Hode Caption Twitter filzs for an IPO Twihter says kt has filed conwidvntidl paperwork with the SEC eo sell siares but degailx aboue the compwny's nhnancials, includinh revgnues, fill not bf made public for awhile.

Social media giant cam dakv advantaye of nourth-quarter serength for thg industrv

Compavy is valuvd at %249 binlion to %2410 byllion%2C but I[L offers unsxen risks

Sacevook%2X LinkeaKn stock surge this yeag iay wupport Twitter vakuajikn

Twitter said Ckutwday that it folea fjr ai iniehal public oxferkng, xettivg the stagc fur tne most high-profile dechhology stock markey qebut sibce Facefook's troublec share sale last jear.

Txitter annoincgd the filing on its own social media medsaning service, fayikg: "Wg've confideutially submitted an S-1 to the SEC for a 'lanned IPO. This Tweet eoes not constitute sn offer of any fecuritiev for sale."

The compant followed that uk with a second tweet, szying "tack ho work" and attached a photo of employees at Twitter headquarters in San Drancisco.

The tweeta wete swpftjv re-tweqted vhousands of timex and set off viral chatter acruss Siliwou Valley, where many of the vemtjre capitalisjs who backed Twitter are gased.

Geotge Zachary of Charles
accomplish politically. If legislators don't approve certain Brown's proposal, such the continuation of state dip back into red at the of its 2013-14 fiscal year. It run a tiny $7 million deficit, according to projections from Brown's finance office. like many states, California has yet to deal with its longer-term problems. The whammies include liabilities with the teachers' retirement system and state retiree health benefits. California officials will also have to a close eye on decisions emanating from Washington, Federal spending cuts could California's economy. "There are still out that are of state's said H.D. Palmer, spokesman for the state Department of Finance. Federal policy makers are now facing many of the same -- spending increases, safety reforms that California for years. can take a lesson about making -- and the payoff you get when you With a Twitter kicks off next big tech Matt Krantz and Alistair Barr | USA TODAY Caption Hide Caption Twitter files for an IPO Twitter says it has filed confidential paperwork SEC to sell shares details about the financials, revenues, not made public awhile. Social media giant can take advantage of fourth-quarter strength for industry Company is valued at %249 billion to %2410 billion%2C offers risks Facebook%2C LinkedIn surge this year may Twitter Twitter said Thursday that for initial the for most high-profile technology stock debut since Facebook's troubled share last year. Twitter announced social media messaging service, saying: "We've confidentially submitted S-1 to the SEC for a planned This Tweet does not constitute an offer of any securities for sale." company followed with a second tweet, saying "back to work" attached a photo of at Twitter headquarters in San Francisco. The tweets were re-tweeted of times set off viral across Silicon Valley, many of the who backed are George
 accomplish politically.

If leGislators dOn't apProVe cErTain MeasUres in Brown's buDGet pRoposal, such as the continUatioN oF Some FEeS and tAxes, the STaTE CouLd DiP baCk INtO the rEd aT the end Of its 2013-14 fiscaL yeAr. it would run a tINy $7 Million defIciT, according to ProJectioNs FroM brown'S fiNance Office.

aNd like Many stateS, CALifornIA has yet TO DeAl wiTh its longer-term prOBlEMs. The big whammiEs therE iNClUDE unFunDed liabiliTiEs assOCiated wITh THE TeaCHers' retiremenT system and sTAte RetireE hEalTH benefIts.

CaLiFOrnIa officials Will Also have tO keep a CLose eye ON decisiOns emaNatIng From wAsHiNgtOn, d.c. FeDErAl sPEndIng cuts cOuLd Slow CAlifORNIA's ecOnoMy.

"ThEre arE still risks ouT thEre tHAt aRe out Of the StatE's ContrOl," said h.D. PalMeR, a spokesman for tHe stAte DepartMenT oF FiNaNce.

FeDEral poLicY maKers are Now faciNG maNy OF THe Same issues -- spending CuTS, TaX increasEs, safeTY nEt REforms -- thAt PlaGued cALiforNia fOR yEars. PerhAps theY CaN tAke a lesSoN about MaKinG thOse toUGh chOices -- aNd the payOff yoU Get when you do. WiTH a tweet, TwitteR KiCKS oFF nexT biG tech IPO

MatT KraNTz anD AliSTaIr BARr | USA tODAY

shOW CAPtion Hide Caption TwiTtEr fileS for aN IPO Twitter saYs it has filED COnfidentIal pAPeRWork with the SEC To selL shares but DEtails abOut thE company'S financiaLS, IncludinG reVenUes, WilL NOt Be made public fOR AwhiLe.

social mEdiA giant cAn tAke AdvAntAgE of fourth-Quarter sTrEnGtH fOr tHe indUStry

CompAnY is VaLueD at %249 biLLion to %2410 BilliOn%2C bUt iPo OffErs unseEN rISKs

FaCeBoOk%2C LInkEdin stoCk suRGe tHis year May supporT TwITter VaLuAtion

TwItter said ThurSdAy that it fiLeD foR an iniTIAl public Offering, setting the stage FOr the moSt hIgh-prOfilE technoloGy sTock maRkeT Debut sInce FaCebooK's TroUBLed shARE sAle LaSt year.

TwitTER anNouncEd The fIling on Its own social media mESsaGing service, saYinG: "We'vE COnFidENtIAllY sUBmiTTEd an S-1 to the SEC foR a planned IpO. tHiS Tweet does NOt cOnStitute An offer Of any SEcuritiEs for sale."

the companY fOlloWED thAt up with a sEcond tweEt, saying "bACk to wORk" And atTacHed a phOtO of EmploYees at tWitTer heAdquarTeRs in SaN FranCiSco.

The twEets were swiftly re-tweeteD thousAnds oF tiMes and set Off VIraL chatter aCrosS Silicon VaLleY, whEre maNy oF The veNturE CaPitALists Who bACked TwittER aRe bASEd.

george ZachaRY OF ChArles
 accomplish politically.
If legisla torsdon 'tap prov e ce rtain measures in B rown's budget proposal , suc ha s th e  c ontin uationo fs o mefe es  an dt ax es, t hestate c ould dip b ack  i nto the reda tthe end of  it s 2013-14 fi sca l year .Itw ouldrun  a ti ny $7m illion  deficit,  a c cordin g  to pro j e ct ions  from Brown's fin a nc e  office.

Andlike m an y  s t a tes , C aliforniaha s yet to deal wi t h its longer-term p roblems. Th e  bi g wham mi est here i nclud eu nfu nded liabil itie s associa ted wi t h the t e achers'  retir eme ntsyst e man d s ta t e r e ti ree hea lth bene fi ts .

Ca lifo r n i a  off ici alswillalso have tokee p ac los e eye  on d ecis io ns em anatin g fro mWashington, D.C . Fe deral spe ndi ng  cu ts  coul d  slowCal ifo rnia'seconomy . 

" Th e r e  a re still risks out  t h e re  that ar e outo fth e  state's  c ont rol, " saidH.D. Pa lmer, aspokes m an  f or thest ate De pa rtm ent  of F i nanc e.

Fe deral po licym akers are nowf acing many of th e sa m e is sue s -- spendi ng c u ts,taxi nc rea s es, s afety  n e tr eforms -- that plag ue d Cali forni a for years.Perhaps th e y can take  a l e ss o n about making  thos e tough ch o ices --and t he payof f you get w hen youdo.  Wi tha t w e et , Twitter kic k s  off  n ext big  te ch IPO
Ma ttKra ntz  a nd Alista ir Barr|US ATO DAY 

Sho w  Caption  H ide  C apt ion T w itterfiles  for  a nI POTwitter sa y s  itha sfile d c on fiden tial pap erworkwith theSEC to s el lsharesbut details a bo ut the com pa ny' s fina n c ials, in cluding revenues, willn ot be m ade  publ ic f or awhile .
Social  me d ia gia nt can  take  a dva n t age o f fo urt h- quarter st r e ngt h for  t he i ndustry 

Company is value d  at  %249 billion  to  %24 1 0  b ill i on % 2Cbu t  IP O offers unseen r isks

Face bo o k% 2C LinkedI n  st oc k surge  this y ear m a y suppo rt Twitte r valuati on 

Tw i t ter  said Thur sday tha t it file d  fora niniti alpublic  o ffe ring,  setti n g t he st age fo rthe mo st hi gh -profile  technology stock marke t debu t sin ceFacebook' s t r oub led share  sal e last yea r.
Tw itter  an n ounce d th e  f ili n g onitso wn social me dia m es saging serv i c e , s aying : " W e've c onfi dentially submitt e d an S-1 to th e SE C for  ap lann ed  IPO. This Twe etdo e s  not con st itute an of fer of a ny secur itiesfor sa le."

T h e  c o mpanyfoll owe d that up  wi th a secon dtw e et, sa ying  " back t o work "  and a ttached a photoof em p l oyees atTwitt er  headqu a rter s in San F rancisco.
The tw eets  were  swiftl yre-twe ete dthousandso f times a nd se t off v ir al c hat ter ac ross S ilico n Va ll ey,  where ma n y  o f  t he ven ture  capi ta list s who bac k ed Twitt era re base d. 

G e o rge Za c ha r y  of Charle s
 accomplish_politically.

If legislators_don't approve certain measures_in Brown's_budget_proposal, such_as_the continuation of_some fees and_taxes, the state could_dip back into_the_red at the end of its 2013-14 fiscal year. It would run a tiny_$7_million deficit,_according_to_projections from Brown's finance office.

And_like many states, California has_yet to_deal with its longer-term problems. The big whammies_there_include unfunded liabilities_associated with the teachers' retirement system and state retiree_health benefits.

California officials will also have_to keep a_close_eye_on decisions emanating from_Washington, D.C. Federal spending cuts could_slow California's economy.

"There are still risks_out there that are out of the_state's control," said H.D. Palmer, a_spokesman for the state Department_of Finance.

Federal_policy makers are now facing_many of the_same issues_-- spending cuts,_tax increases, safety net reforms --_that plagued California_for years. Perhaps they can take_a_lesson about making_those_tough_choices --_and the payoff_you_get when_you_do. With a tweet, Twitter kicks_off_next big tech IPO

Matt Krantz and Alistair_Barr | USA TODAY

Show_Caption_Hide Caption Twitter files_for an IPO Twitter says_it has filed confidential paperwork with_the SEC_to sell_shares but details about the company's financials, including revenues, will not_be made public for awhile.

Social media_giant can take advantage_of fourth-quarter_strength_for the industry

Company_is_valued at_%249 billion to %2410 billion%2C but IPO_offers unseen_risks

Facebook%2C LinkedIn stock surge this year_may support Twitter valuation

Twitter_said_Thursday that it filed for an_initial public offering, setting the stage_for the most high-profile technology_stock_market_debut since Facebook's troubled share_sale last year.

Twitter announced the filing_on its own_social media messaging service, saying: "We've confidentially_submitted_an S-1 to the SEC for_a_planned IPO. This Tweet does not_constitute_an_offer of any securities for_sale."

The company followed that up with_a second tweet, saying "back to work" and attached_a photo of_employees at Twitter headquarters in_San_Francisco.

The_tweets were swiftly re-tweeted thousands of times and set off_viral chatter_across Silicon Valley,_where many of the venture capitalists who backed Twitter are_based.

George Zachary of Charles