Is Twitter worth $1 billion?
Twitter is planning to raise $100 million in its second round of funding this year, which would put the company’s valuation at $1 billion, according to media reports citing sources familiar with the deal.
The reports say that the investors include T. Rowe Price and Insight Venture Partners, who are new investors in Twitter, as well as venture-capital firms Spark Capital and Institutional Venture Partners, who had previously invested in the microblogging Web site.
Requests for comment from Twitter were not returned.
Twitter is not publicly traded, making it difficult to put a price tag on the social networking firm. The site, which allows users to post 140-character entries called “tweets,” has yet to announce a business model or revenue strategy.
Originally posted on CNN