Twitter UK staff benefit from £14 million shares windfall as profits double
The report also reveals where Twitter's concerns lie in Britain.
"We generate the majority of our revenue from advertising," wrote Dublin-based Twitter finance officer Laurence O'Brien in the Companies House report. "The loss of advertisers, or reduction in spending by advertisers could affect our business. We also suffer from other macro risks including unexpected changes in regulatory environments, local political and economic conditions, fluctuations in foreign currency exchange rates and changes to tariffs and other trade barriers."
The OECD (Organisation for Economic Co-operation and Development) has revealed plans that will place pressure on Silicon Valley behemoths and others to declare all their financial activities on a country-by-country basis in a bid to eliminate tax avoidance.
"[There is] no timing yet on Moments for the UK and we aren't making any predictions about its impact on revenue," said a Twitter spokeswoman.