Sep 11
9
After recently indicating that Twitter is not planning for an IPO in the near future, CEO Dick Costolo is set to close the second of two $400 million rounds of Series G funding later today. This round, which is primarily intended to buy out existing shareholders, has catapulted Twitter’s valuation to a new height of $8 billion. During a press conference on Thursday, Twitter executives emphasized their desire to focus on growth rather than on pleasing stock market investors
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Twitter Set to Close $400 Million in Series G Funding on $8 Billion Valuation