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In: web resources
6 Jul 2011Twitter’s valuation has almost doubled in the last seven months, according to a report from The Wall Street Journal. The Journal says Twitter is busy raising hundreds of millions of dollars, at a valuation as high as $7 billion. In December, the same company was valued at just $3.7 billion in a $200 million round [...]
The handful of investors who are able to get their hands on Twitter shares continue to have the utmost faith in the company. Another private market auction has taken place, and this time, eager supporters placed bids high enough to push Twitter’s valuation to $7.7 billion. To put that in perspective: AOL’s market cap is [...]
In: web resources
15 Feb 2011Although it arguably doesn’t need much more support at this point, popular social network Facebook now has the backing of one of Silicon Valley’s most respected venture capital firms. Kleiner Perkins Caufield & Byers is said to be investing about $38 million at a valuation of $52 billion. Sabrina Willmer reported this morning, "The venture [...]
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