Twitter valued at $1billion

[Bevo Ryan]

Per TechCrunch:
Twitter Closing New Venture Round At $1 Billion Valuation

Fast growing startup Twitter will soon be joining a select group of startups with private venture round valuations of $1 billion, we’ve heard from multiple sources. CEO Evan Williams disclosed the round to employees at a recent all hands meeting. The company will raise around $50 million, we’ve heard, although the final amount of the raise is apparently not yet locked down.
Twitter raised $35+ million earlier this year in a round led by Benchmark Capital and Institutional Venture Partners. That round valued the company at $250 million.
The company has raised a total of around $55 million to date, and sources tell us they have approximately $30 million left in the bank.

 

[Andrew Scherer]

rofl.............

 

[Rage9]

Sure sounds like space cash.....

 

[efeezy]

Let that be a lesson to all you...any one of us could come up with a billion dollar site that's the biggest pile of dog shit ever and is practically useless. Hell, I come up with those sites all the time, they're just not quite worth a billion dollars yet.

 

[Bevo Ryan]

still boggles my mind how something can be that valuable but not earn a penny

 

[deejne]

oooh snap....

 

[deejne]

could you imagine if they cookie stuffed every single visitors browser with affiliate cookies hehe

 

[kidChaos]

still boggles my mind how something can be that valuable but not earn a penny

Ever hear of Google?

*chuckle*

Silly noobs... come to understand the difference between VALUE vs. REVENUE.

 

[Bevo Ryan]

google has this thing called adwords... not sure if you heard of it, but i hear they do quite well with it

 

[papajohn56]

Ever hear of Google?

*chuckle*

Silly noobs... come to understand the difference between VALUE vs. REVENUE.

except...google is profitable?

 

[Shaz07]

Honestly it's hard for me to get into twitter. I tried to update every couple of hours, but I guess my life isn't really that interesting. And I guess I start getting lazy. Oh well, wonder when twitter fad will fade?

 

[kidChaos]

except...google is profitable?

Yeah, but do you know the history of their business?

Google went 3+ years without a profit model.

Also considering the founders of twitter created and sold off 3 other multi-million dollar web properties, they might know a thing or two about what they're doing.

 

[kidChaos]

google has this thing called adwords... not sure if you heard of it, but i hear they do quite well with it

You're obviously a retard. Don't know why I bother.

 

[WebTrafficM]

Yeah, they said that Twitter still isn't "profitable" yet.

 

[iamthewalrus]

Yeah, I'm on the camp that I just don't find the energy to update Twitter. I have accounts for both personal and professional reasons, but I just can't seem to update.

I remember I used to live on Facebook for like two years of my life. Then suddenly, I just stopped giving a shit.

 

[TFLNetwork]

Not going to lie... but i would say it's value may be a little more.

Understanding that value does not = profits.

 

[barman]

good maybe now they can afford some better servers ... twitter errors out every time i go there.

 

[Ruck]

that's cuz your constantly trying to write useless shit:zzwhip:

 

[Traska]

Why doesn't twitter have an ad platform similar to facebook?

 

[Sonny Forelli]

they'll be as big a financial flop as facebook.