What’s Twitter really worth?
January 26, 2009 by Valerie HelmbreckPosted in: Budgets and spending, Communication, Green technology, In this week's e-newsletter, Latest News & Views, e-commerce, social networking
Venture capital money’s been tight in recent months, but looks like one tech outfit’s getting the VC seal of approval:
Twitter, the social networking site that’s recently become all the rage among micro-bloggers.
TechCrunch reports that Twitter may have signed a term sheet with one or more venture capital firms that would value the microblogging company at $250 million.
Although it did not provide specifics, the report cited “a source with knowledge of the deal.”
Last fall, it was rumored that Facebook tried to buy Twitter for a cool $500 million. But that was last fall when almost everything was worth more than it is now.
FinanceTechNews.com delivers the latest Finance news once a week to the inboxes of over 150,000 Finance professionals.
Click here to sign up and start your FREE subscription to FinanceTechNews!
Tags: blogging, social networking, Twitter, venture capital
December 1st, 2009 at 4:21 am
Nice posting, everytime when i use twitter i used to think that i addicted to twitter but its bad i love it, thanks for sharing