Twitter has raised an additional $200 million in venture capital, primarily from famous VC firm Kleiner Perkins, Kara Swisher reports in a big AllThingsD scoop today.
125% more than all previous rounds of investment in Twitter combined, this brings company’s total financing to $360 million. What on earth will it do with all that money? It will attempt to become the communications platform it has always wanted to be. That will probably mean acquisitions, it will probably mean a lot more sales people and advertising and it definitely means that if anyone is going to acquire Twitter, it will need to be for multiple billions of dollars. More likely the company will file to go public on the stock market.
Along with the money, Twitter will now also add some new members to its Board of Directors: Flipboard’s Mike McCue and former DoubleClick head David Rosenblatt. As Swisher explains, “
-
Betting markets show Trump’s lead over Harris shortened
With the pivotal U.S. presidential election day upon us, the betting markets…...
Read MoreTop 7 Meme Coins to Consider Buying in November
October’s “Uptober” trend may be over, but November presents new opportunities with…...
Read MoreEmuDeck retro hardware is no more as crowdfunder crashes and burns, and SuperSega surprises backers by taking more cash than expected
Sad news as the team behind the ever-popular EmuDeck software that is…...
Read MoreSpacePay: A Simple and Safe Gateway to Crypto Payments for Businesses Worldwide
SpacePay is bringing a change in how businesses integrate crypto into their daily…...
Read MorePokemon TCG Pocket bent packs: Do they really make a difference?
Let’s face it, when you’re opening packs in Pokemon TCG Pocket you’re…...
Read MorePepe Unchained Layer 2 ICO Soars Past $24.6 Million – Invest Before It Sells Out
The $24.6 million raised in the Pepe Unchained presale highlights its immense…...
Read MoreBitcoin sees volatility ahead of elections, altcoins follow
The world’s biggest cryptocurrency Bitcoin (BTC) leads the cryptocurrency market in a…...
Read MoreMore affordable Samsung Galaxy Z Flip FE rumored for April launch
Samsung has long been rumored to be working on a more budget-friendly…...
Read MoreNovember set to be another big month for Xbox Game Pass with big titles incoming
The month of October was a big one in Game Pass history…...
Read MoreMicrosoft Flight Simulator 2025 – pre-load information, file size, and everything you need to know
As flight simmers across the globe get ready to take to the…...
Read MoreMicrosoft teases new AI Copilot Vision feature is coming ‘very soon’
Just weeks after the new AI-powered Copilot Vision was rolled out to…...
Read MoreAll Pokemon TCG Pocket Immersive Art cards and how to get them
Since Pokemon TCG Pocket is a digital version of the classic card-collecting…...
Read MoreTaiwan’s FSC to implement stricter crypto regulations for better market oversight
Taiwan’s Financial Supervisory Commission (FSC) is set to introduce new rules to…...
Read MoreApple to buy image editor Pixelmator in new agreement
Apple is acquiring the image editor Pixelmator which makes Mac-based photo editing…...
Read MoreIs Microsoft Flight Simulator 2024 on Xbox Game Pass?
It’s nearly time to take to the skies once more. When Microsoft…...
Read MoreMinutes after Swisher posted, the Twitter company blog made a formal announcement. That post included some other numbers: Twitter says it added 100 million new users this year and grew its staff from 130 to 350 people.
It’s no co-incidence that this giant round of funding has been announced within weeks of Twitter’s having promoted business-oriented Dick Costolo to CEO, announced the commercial availability of its user data and unveiled the beginnings of a wide open advertising platform. The company is also rumored (though they deny it) to be opening an office in New York City, advertising capital of the world.
Get ready to see what Twitter looks like with a well-heeled foot on the gas.
Related News
Most Popular Tech Stories
- Hottest Vote-to-Earn ICO Soars Past $1 Million – A New Meme Coin to Watch
- Gemini vs ChatGPT vs Claude – which free AI chatbot is the best?
- Trader Predicts This Pepe Unchained Layer 2 Meme Coin Could Be the Next 10x PEPE
- Half a million users flee X for Bluesky after block feature changes – here’s how to migrate
- Fastest-Growing Pepe Unchained Layer 2 ICO Raises Nearly $22 Million – Invest Before It Sells Out
Latest News
GamblingBetting markets show Trump's lead over Harris shortened
With the pivotal U.S. presidential election day upon us, the betting markets moved to narrow the margins and bite into Donald Trump’s lead, with some outlets showing Kamala Harris take...
Popular Topics
Tech NewsExplore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.
In-Depth Tech StoriesExplore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.
Expert ReviewsEmpower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.