Even though Twitter does not have a revenue stream and they’re still figuring out how exactly they can make money, the company has managed to raise $100 million in new funding!
- The online social networking and messaging service is about to close its most recent round of funding with $100 million raised from fewer than ten investors.
- The investors are made up of venture capitalist firms, private equity firms, and even a mutual fund company – T. Rowe Price.
- In terms of generating a sustained revenue stream, Twitter is looking into options such as advertising and business services.
Facts & Figures
- Investors have valued Twitter at about $1 billion, which is up from a previous valuation earlier this year that estimated the company to be worth about $255 million.
- Twitter is expected to have 25 million users by the end of 2009.