Twitter Raises $100 Million
I’m really trying to get it, but Twitter has raised $100 million for no apparent reason.
Twitter is now valued at over $1 billion!
Currently, the 60-person company has no plans to do anything significant with the money it has raised, but it’s nice to have it…just in case. Surprisingly, there are no plans to start monetizing the site from advertising or sponsorships either.
Twitter has been the darling acquisition target of internet monsters Google, Microsoft, and Facebook. Twitter’s 54 million users each month, however, are still dramatically lower than Facebook’s 300 million.
