Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 26 January 2009 04:57

Twitter valued at $250 million

Written by Nick Farell

Image

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.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments