Twitter raises $200m in new finance

[TRF_Cymro]

Twitter has raised $200m (£129m) in new finance, in a deal that values the social networking service at $3.7bn.

It said the investment had come from venture capital firm Kleiner Perkins Caufield Byers, and existing investors.

Twitter is also adding two new board members, including David Rosenblatt, boss of digital advertising group DoubleClick.

The moves come two months after the US firm said it was increasing efforts to make itself more profitable.

The announcement in October saw the company's co-founder Evan Williams stand down as chief executive to focus on product strategy.

http://www.bbc.co.uk/news/business-12005592​

 

[Getofmeland]

Twitter is already huge... its amazing that they make all their money off stats and no advertising...