Twitter confirms ’significant’ amount in new funding
In an official blog post on Friday by Evan Williams, Twitter confirmed that it has secured a ’significant’ amount of funding from six investment firms. Reports from Reuters and BBC suggest the total funding is $100 million, valuing Twitter at $1 billion.
Investors include Insight Venture Partners, T. Rowe Price, Institutional Venture Partners, Spark Capital, Benchmark Capital and Morgan Stanley.
Many Twitterers thought the confirmed funding was a good thing:
bthaxor (Sydney, Australia) twitter received $100 million in funding yesterday, and it now valued at $1bn US! holy crap that’s awesome. twitter > facebook x1000… myYaletown (Vancouver, British Columbia) Twitter has confirmed that it has closed a “significant round of funding”.-guess we can keep twittering!
However, some Twitterers are now skeptical of Twitter and its ability to garner some sort of revenue:
crzyeddie (Silicon Valley, California) lol Twitter is about to get $100m USD in funding…what a crock. this site will never make money. joshuavalin (Boulder, Colorado) I’m glad #Twitter has received $100 million in funding, but I wonder what advertising this will clog the site with. http://bit.ly/3FbjtG
Others used the news to crack a joke or be humorous:
2Ultra (Undisclosed) Oh, what is this? Twitter is not making money? New funding, please! RockDotCom (Undisclosed) @mashable any idea what Twitter is going to do with this considerable amount of funding? Can we expect a Twitter-Book soon? mattjbush (Undisclosed) What would you do if you had $100m of Twitter funding? Spend it on a great commercial guy? If so I’m available…. eweisberg (New York, N.Y.) Twitter valued at $1 Billion, gets $100 Million in new funding, yet has $0 revenue. Must be the new math. http://bit.ly/1lG3Y
One Twitterer even provides a few ways in which Twitter can spend its new funding:
clintonstark (San Jose, California) 3 possible things Twitter can do with its new $100M funding http://bit.ly/2ew69Q
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