Rumor is Twitter hit up more than a few venture firms to pitch the $250 million valuation, and got more than one “no.” But someone’s bit, perhaps encouraged by Twitter’s breakneck growth and the interest from Facebook. That means Twitter gets a new cash injection and time to figure out its business model at an even more leisurely pace.
Twitter now valued at $250 million
Posted on Tuesday, January 27 2009 @ 0:49 CET by Thomas De Maesschalck