Published September 26, 2009, 07:42 AM
Twitter valued at $1 billion
Twitter Inc.’s founders now have a billion-dollar baby, and they seem determined to raise it without a corporate parent. That was the message underlying Friday’s news that Twitter has lined up $100 million to finance its operations while founders Evan Williams and Biz Stone plot ways to make money off one of the Internet’s most popular communications tools.
SAN FRANCISCO (AP) — Twitter Inc.’s founders now have a billion-dollar baby, and they seem determined to raise it without a corporate parent.
That was the message underlying Friday’s news that Twitter has lined up $100 million to finance its operations while founders Evan Williams and Biz Stone plot ways to make money off one of the Internet’s most popular communications tools.
The investment values the 3-year-old company at $1 billion, even though it has yet to generate any meaningful revenue, let alone profits.
Tags: us business, business, twitter
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