| 16.8°C Belfast

Twitter projects sales to reach $1bn in 2014

Twitter expects to generate at least $1bn (£1.25bn) in sales in 2014, up from $140m last year, according to sources close to the US tech company.

The news comes as the ability of social networking websites to deliver real revenues is under scrutiny as never before in the wake of the Facebook stockmarket flop two weeks ago.

The latest Twitter forecast is based on an expected surge in advertising demand, said the sources.