backers

Twitter Goes for Broke, if Broke Means “A Lot of Money”: New Funding Round at $1 Billion Valuation

Peter Kafka in Media on September 16, 2009 at 4:00 pm PT

Is Twitter a billion-dollar company? It is now, according to its investors. People familiar with the company tell me it has raised around $50 million in a funding round that values the start-up, which has no real revenue to speak of, at about $1 billion.