Twitter scoops up a shedload of dosh

A fresh bucket of cash seems to heading Twitter’s way after the social networking website confirmed that it had closed a “significant round of funding”.

Twitter raise funding

Writing in the company blog, co-founder Evan Williams said that they’d scooped the cash from five investment firms, although he wouldn’t confirm earlier reports that a whopping $100 million (£62m) had slipped into their coffers.

If that figure is true, it would value Twitter at a staggering $1bn.

And that, as Cilla might say, is a lorra lorra cash.

[Via]

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Editor, wirefresh.com

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