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As if we didn't already have enough evidence that Twitter was recession-proof, Michael Arrington of TechCrunch this weekend cited sources who say the company has raised another round of funding at a $250 million valuation.
If true, Twitter is worth $100 million more today than it was in December, when blogger The Huffington Post raised $25 million in capital at a $100 million valuation. (Reports from Arrington and others pegged Twitter's worth at $150 million at the time.)
Twitter last raised money in June from Amazon.com (Nasdaq: AMZN) CEO Jeff Bezos and others. Ever since, we speculators have been wondering exactly how the service would generate revenue. I've thought about it as an emerging wire service, for example -- a citizen's version of what Thomson Reuters (NYSE: TRI) and Bloomberg provide.
10-26-2010, 09:22 AM
Twitter valued at $250 Million???
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