Sep 11
9

Twitter Set to Close $400 Million in Series G Funding on $8 Billion Valuation

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

Continue reading here:
Twitter Set to Close $400 Million in Series G Funding on $8 Billion Valuation

Tags: ,

This entry was posted on 2011/09/09 at 2:33 pm. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Posted in SEO by admin No Comments Yet

Comments are closed.