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Twitter now valued at $250 million

Posted on Tuesday, January 27 2009 @ 00:49:24 CET by


TechCrunch claims Twitter received funding from a venture capitalist, the exact amount of cash Twitter received is unknown but it's likely more than the $20 million the service took in over the previous rounds. According to the site, the new deal puts a $250 million valuation on Twitter.
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.



 



 

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