UPDATE: Twitter Closes 'Significant Round Of Funding'
2009年9月26日 - 3:45AM
Dow Jones News
Micro-blogging service Twitter Inc. said Friday it had closed a
"significant round of funding," a deal that will give the
wildly-popular startup more time to develop a business model.
San Fancisco-based Twitter did not disclose financial details in
the release. People familiar with the matter said Friday the
company raised around $100 million at a valuation of $1 billion.
The Wall Street Journal previously reported the terms of the
funding Thursday.
Twtter said investors included Insight Venture Partners, T. Rowe
Price (TROW), Institutional Venture Partners, Spark Capital and
Benchmark Capital.
The micro-blogging service, which lets people broadcast short
text messages to anyone who wants to read them, has grown from
about 4 million unique visitors in August 2008 to almost 55 million
unique visitors worldwide one year later, according to comScore
Inc.
But Twitter, which has attracted interest from Internet titans
like Google Inc. (GOOG) and Microsoft Corp. (MSFT), and faces
competition from social networks like Facebook, has thus far failed
to explain how it might make money.
Twitter has said it might develop premium services for business,
but the company hasn't yet unveiled those products. Co-founder Biz
Stone said in a company blog post earlier this year that Twitter is
leaving "the door open for exploration" around advertising.
Word of the funding coincided with the release of a report by
Los Angeles-based research group Interpret LLC saying that people
who use Twitter appear to be much more open to advertising than
those who use other social media.
-By Scott Morrison, Dow Jones Newswires; 415-765-6118;
scott.morrison@dowjones.com
(Jessica Vascellaro contributed to this report)
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