Another $100 Million For Twitter
2009 September 24
According to the Wall Street Journal, Twitter is about to get another $100 million from investors.
The new money is coming from mutual fund giant T. Rowe Price, private equity firm Insight Venture Partners, and existing Twitter investors Spark Capital and Institutional Venture Partners.
After the funding, Twitter will be valued at about $1 billion.
The $100 million investment is twice as much as Twitter had been expected.
The participation of T. Rowe Price, a mutual fund is quite surprising and indicates to many that Twitter maybe bought in the near future by a Google, Yahoo or Time Warner or or become a publicly held company, through an IPO.
Do I need to remind you that Twitter is only a couple of years old.
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MHB
I am twiterring you…not to remind me how old twitter is
i speak with several top executives at twitter from time to time, I see them regularly in my private life. They share a lot, but i must admit they’re kinda clueless and are simply selling pipe dreams to investors. Its like 98 all over again, counting future funding based on page views and other shit. I have no doubt these new and old investors will cash our real well, and than new buyers will have a hard time figuring out how to make money of this shit. There is a reason they dont have any ads or revenue sources.
FX
Looks like its back to the future to me. Twitter is being valued and funded on the same model that put the bust in the .com bubble early this decade.
Traffic+Traffic=Profit (at some point, some how)
yes just on a much grander scale.
Twitter has gotten over $150m in funding.
Facebook somewhere in the $500m range by now
for some reason, when I read the name “T. Rowe Price” in conjunction with this farce, my brain screamed “P.T. Barnum”.
yes, a sucker IS born every minute.
Silly buggers, they should be selling twitter subdomains
It’s a good feeling knowing that I’m getting my information from the right sources – I had the exact same gut response that the previous posters have relayed.
If it does “go public,” I will be short when the babyboomer/joe6pack fad begins to fade. Same feel as the tech wreck and Starbucks, and Kripy Cream, and . . . , and . . .
People in this country LOVE the hair cut – Same old pump and dump.
Sigh..its easy to criticize others when you yourself have made nothing.
Michael certain sites have become so ingratiated in people’s lives that there will be a model, even just a pay model, so what if many drop off when you get a site that has 100 million, 300 million members even if just 20 % pay that is good money.
facebook is working on a “mini” version which is probably meant to compete with twitter…agree with fx, and once a big Corp buys twit a myspace type exodus will take place.
Tim, when it comes to myspace. Original owners made a ton of money selling it to NewsCorp and the site was profitable. NewsCorp made a ton of money too by doubling its investment from prepayment ad deal from Google. From the biz perspective i dont see myspace in the same league as facebook or twitter.
eventually FB and twitter will get cluttered with ads and we’ll all be talking about the next big thing.
All this for a status message. I mean, Yahoo knew the importance of status messages starting messenger days and chose to sit tight on that information. lesson: when you have information, act on it.
>>>>>> Sigh..its easy to criticize others when you yourself have made nothing.
Jim , i stand by your side
could any 1 tell us
:::
how//where can the developping domainer spot out the best VCs
??
why’s there not a website,etc w/ a section ,
dedicated to locate out the best VCs
for developping domainers // websmasters
??
sorry cheers thank ye , 2w
sorry
i have been in domaining over 13 years ,
but ,
i think ,
it’s still hard-pressed ,
for domainers to spot out the best VCs ,
for even their own properties
why ??
thanks , 2w
Austria
There are suppose to be some VC guys at the TRAFFIC show in NY in October
From the latest Newsweek magazine feature: Twitter is STUPID!!
I totally agree , not only stupid , it is a bunch of BS site just like BullS