Saturday, December 18, 2010

New Treat Values Twitter At $3.7bn

Twitter has lifted $200m (129m) in new finance, in a treat that values the amicable networking service at $3.7bn.

It mentioned the investment had advance from project funds definite Kleiner Perkins Caufield Byers, and existing investors.

Twitter is moreover adding two new house members, inclusive David Rosenblatt, team leader of digital promotion organisation DoubleClick.

The moves advance two months after the US definite mentioned it was stepping up efforts to make itself more profitable.

The statement in October saw the company's co-founder Evan Williams mount down as arch senior manager to concentration on product strategy.

Mr Williams was transposed as arch senior manager by Dick Costolo.

Also right away fasten Twitter's house is Mike McCue, arch senior manager of digital amicable publication application FlipBoard.

Twitter allows users to send 140-character content messages, or Tweets.

It has 175 million purebred users and 300 employees.

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