Published in News
Twitter valued at $250 million
Secret venture capital deal adds value
The dark satanic rumour mill claims that microblogging outfit Twitter has secured venture capital funding that will value the company at $250 million.
The value is strange because last April Facebook tried to buy the outfit for $500 million, however if you bid for something it has to be worthwhile. However the secret deal means that Twitter gets a new cash injection and time to figure out its business model at an even more leisurely pace.
Twitter so far has not shown any business model that has got anyone interested. While it is handy for those that rely on it, it could tank if no financial plan exists. For the Venture Capitalists to stump up the funds it means that Twitter must have had something that resembled a business plan to show them.