Twitter lands major new funding round
08-02-2011, 09:46 AM
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Twitter lands major new funding round
Twitter has landed a major influx of cash to help it expand: The five-year-old social media company said Monday that it has just wrapped up a "significant" funding round led by venture firm DST Global.
Twitter didn't disclose how much it raised. However, Twitter amended its certificate of incorporation forms late last week to authorize the issuance of up to 25 million new shares, priced at just over $16 per share. That would let the company raise around $400 million in new funding, according to venture capital data provider VC Experts, which obtained a copy of the amended incorporation forms.
Read more: http://money.cnn.com/2011/08/01/tech...htm?hpt=te_bn2
Twitter is a true success story. I find myself using Twitter a lot day in and day out, not to mention several times during the day! A good way to keep up with breaking news in all kinds of venues.
Twitter didn't disclose how much it raised. However, Twitter amended its certificate of incorporation forms late last week to authorize the issuance of up to 25 million new shares, priced at just over $16 per share. That would let the company raise around $400 million in new funding, according to venture capital data provider VC Experts, which obtained a copy of the amended incorporation forms.
Read more: http://money.cnn.com/2011/08/01/tech...htm?hpt=te_bn2
Twitter is a true success story. I find myself using Twitter a lot day in and day out, not to mention several times during the day! A good way to keep up with breaking news in all kinds of venues.
