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Web 2.0 News Desk The Twitter Bubble
The company has reportedly raised another $50 million in funding
By: Maureen O'Gara
Sep. 19, 2009 09:45 PM
Looks like there’s a few bubbles still left in the old champagne bottle. Twitter, which has no income to speak of, has reportedly raised another $50 million in funding and been valued at $1 billion. That’s four times the $250 million valuation it reportedly got in February when it raised ~$35 million in Series C financing from Benchmark Capital and Institutional Venture Partners. With the new money total investment reportedly come to around $105 million. Twitter is supposed to start charging businesses that use it for marketing and customer relations by the end of the year. Whenever did we put that Brooklyn Bridge stock?
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