0

Twitter Is Estimated To Be Worth US$8 Billion

The world’s leading micro-blogging website Twitter is currently valued at an estimated US$8 billion. That’s already an impressive amount considering the fact that the site has more than 200 million active accounts and was launched last 2006.

Twitter Is Worth US$8 Billion

The company is currently trying to raise US$400 million to finance its various projects. According to insider reports leading the group that will make the investment is DST Global, which is headed by Russian billionaire Yuri Milner. Previous investors such as Kleiner Perkins Caufield & Byers will also be helping out Twitter reach its target.

With most social networks reported to be going public, Twitter has made it known that they don’t intend to go that route. It has even refused several offers from buyers to take over the company.

Twitter is becoming more popular everyday as data shows that 13 percent of US adults use the popular micro-blogging platform which is an increase from 8 percent last November 2010.

Filed in: News, Social Media Tags: ,

Get Updates

Share This Post

Related Posts

Leave a Reply

Submit Comment