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Twitter loaded up with Cash

Posted by Charles | September 24, 2009 .

Twitter is nearing a deal to close as much as $100 million of new funding, about twice as much as the messaging Web site was expected to collect in its latest round of fund-raising, from as many as seven investors. The investor group includes mutual fund giant T. Rowe Price and private-equity firm Insight Venture Partners, which are new investors to Twitter. The investors are valuing Twitter, which has yet to generate revenue or finalize its plans for making money, at about $1 billion.

Twitter is a very interesting startup study case. I’ve got a feeling it will be in MBA text book someday. The reason being, twitter is too important (even as geopolitical tools), twitter can’t make any money, twitter deadly simple, most people using twitter don’t come to twitter’s site and investors love it.

I’m sure it’s lots of fun working there (heard they all use Mac:-)

 Twitter loaded up with Cash

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