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Twitter raises $200m in new finance

TRF_Cymro

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

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