Funding for twitter
The social networking website Twitter has confirmed that it has now closed a significant round of funding. Evan Williams a co founder of the site in a blog post that the site has now secured money from five investment firms. Rumours in the industry claim that a $100 million has been secured by the firm boosting it’s value at $1bn. The actual site allows users to write and share messages – it’s currently got 45 million users worldwide. However industry watchers have pointed out that the firm still has no way of making money and as such earlier this month it revised it’s terms and conditions to allow advertising on it service.
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