Twitter confirms major cash boost
Social networking website Twitter has confirmed that it has closed a “significant round of funding”.
Co-founder Evan Williams said in a blog post that the site had secured money from five investment firms.
However, he did not confirm earlier reports that suggested the firm had managed to secure $100 million (£62m), which would value the firm at $1bn.
The site, which allows users to write and share 140-character messages, has more than 45 million users worldwide.
The site had previously raised $35m in February in a deal that valued the business then at $255m.
Originally posted on BBC News
“Broadcasters are storytellers, newspapers are fact-gatherers and organizers of information and news magazines are kind of a hybrid of both.” ~ Everette E. Dennis
news @ this hour
hits so far...
- 5,085 hits
News snippets by
Kaustubh Moghe is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Error: Twitter did not respond. Please wait a few minutes and refresh this page.