Twitter given $3.7 billion valuation

By on Dec 15, 2010 at 5:56 PM
General December 15, 2010

AllThingsD is reporting that microblog Twitter has just completed a final round of investor funding. “Sources familiar with the situation” told the publication that the San Francisco based company raised over $200 million on a $3.7 billion valuation; an assertion Twitter later confirmed. The top investor was firm Kleiner Perkins Caufield & Byers, who the report notes was the “only new investor in the latest round”. Twitter, unlike Facebook, has yet to come up with a concrete and clear model for monetization, but does have a plethora of users and… a larger pile of cash to work with.

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  • Mgl323

    Time to retweet..

  • Anonymous

    If I owned twitter I would sell it so fast, I would be shaking to sell it. It wont be popular forever, look at myspace. Nothing stays popular forever

    • MaxPayne79

      well, you’re gonna be missing out on a lot of cash my friend. Yeah nothing lasts forever, but twitter hasn’t even begun yet and already they’re worth a pretty penny. you and Jml187 or whatever kinda missin the fact that facebook n twitter are seeds in the infancy of a computer revolution we’ve just opened the door to. The main three combined…youtwitface…have a very large impact on the generation with the most disposable cash and the least responsibly…the 24 down to 7 year olds. Aka, the ground level economy. Without the youth, a lot of things wouldn’t exist. And the more money they have accessible, the more money the silent partners make. Aka youtwitface shareholders and parties involved. :) And the wheel rolls on. The Shareholders/partners have kids, who get cash from their parents, who use the product, which their parents profit off of. ect. So you may wanna rethink bout owning some twit stockage lol :)

  • Jml857

    Now you know why our dollar is worth crap investing in this garbage…

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