Wednesday, December 15, 2010

Twitter raises $200 Million in Funding

VirtualWorld.ca

Twitter has sure grown into a popular site since I first signed up for an account in the spring of 2007. 

Back in 2007 you could have almost any username you wanted.  Now, you have to settle for less.  Twitter is so popular that it can be hard to get a decent username these days.

Most major businesses and media now advertise their Twitter page along with their Facebook page.  Twitter has a long way to go before it reaches Facebook status, in members and value, but it appears to keep growing instead of leveling off in popularity.

With this new $200 million investment announced today, Twitter is now valued at $3.7 billion US.  The last financing fifteen months ago valued Twitter at $1 billion US.  Twitter is only about 3 years old.

The financing was led by Kleiner Perkins Caufield & Byers.  Twitter also added two new members to their board, both men who are prominent in tech ventures, Mike McCue and David Rosenblatt.

The big question is when will Twitter find a way to make revenues, so that they don't have to do these financings anymore.  And will a bigger company like Google or Microsoft try to buy Twitter?






http://ca.finance.yahoo.com/news/Twitter-raises-200M-investors-capress-3971891634.html?x=0

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