Hosting News »

18 January, 2021 – 4:32 pm |

Global provider of data center Equinix ( has made an agreement with Internet provider of Internet exchange multifeed ( to expand its Japan Network Access Point (www / English / Service / jpnap.html) interconnect fabric in the Equinix Tokyo-2 (Ty2) International Business Data Exchange Center. JPNAP point of presence in Equinix IBX center Ty2 […]

Read the full story »
Business News
Home » Business News

Twitter to raise $100 mln in new funding

Submitted by on 19 December, 2020 – 4:32 pm
Twitter is about to raise $ 100 million in new funds in a deal that values the hot microblogging service for one billion dollars, The Wall Street Journal reported Thursday.

The newspaper, citing “people familiar with the deal,” said the new funding would come from seven investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners.

The newspaper said other investors are venture capital firms Spark Capital and Institutional Venture Partners, who have previously invested in Twitter.

He said investors are valuing of Twitter, which has yet to generate revenue, at about one billion dollars.

Twitter was worth about $ 255 million in the company? S the last round of investment earlier this year, said the newspaper, which was reportedly raised about $ 35 million.

The $ 100 million investment is approximately twice that Twitter was reportedly expected to increase in this latest round of fundraising, its third and largest, the paper said.

Twitter, which allows users to pepper each other with messages of 140 characters or less, has grown rapidly in popularity since it was launched in August 2006 but has been unable so far to make money.

Co-founder Biz Stone Twitter has outlined several possible ways to generate revenue and noted that the company was in no hurry.

“We are patient investors and the time to experiment with income-generating ideas and products,” he told AFP earlier this year.

Tags: , , , ,

Leave a comment!

Add your comment below, or trackback from your own site. You can also Comments Feed via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> 

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.