Twitter received injections of 100 Million U.S. Dollars

September 29, 2009

Latest news came on Micro-blogging sites that are now rising in cyberspace. Twitter will receive a fresh injection of investment funds in large numbers. The news has been confirmed by Biz Stone, Twitter co-founder. Although Stone refused to explain further, but based on information gathered from the nearest source, the numbers will be disbursed about U.S. $ 100 million.

“Yesterday we had explained to a group of related investment companies for the financing of Twitter,” Stone said, as our quoted from Twitter blog, 28 September 2009. “We are grateful to Insight Venture Partners, T Rowe Price, Institutional Venture Partners, Spark Capital, Benchmark Capital, and Morgan Stanley,” he said.

“It is important that we have found an investment partner who wants to help us build a new company. Twitter journey has just begun and we are committed to developing products, technologies, and companies as possible, “said Stone.

Currently Twitter became one of the companies “hottest” in Silicon Valley and managed to invite investors flocked to take part even though until now the company has yet to generate profits.

Reportedly, Twitter has succeeded in pocketing pockets of U.S. $ 55 million from its investors. Currently, the company’s value reached U.S. $ 1 billion, four times greater in the seven-month period.

However, although just spent U.S. $ 25 million so far, Twitter decided to obtain additional funds in order to prepare its services in the future. There was the possibility, Twitter will achieve its goals of social networking sites compete for Facebook which has 300 million users, although currently only one-tenth Twitter user.


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