How tweet it is: Twitter gets $9 billion valuation
yesterday's introduction of Vine, a service that plays an endless loop of 6 second videos that you've created, could end up pushing the value of Twitter up even higher.
So just how much is Twitter worth? Based on an offer made by investment firm BlackRock to buy the Twitter shares held by two early Twitter employees for $80 million (uh, make that ex employees if the deal closes!), Twitter has a valuation of $9 billion. That would represent a 10% increase since the last time the company raised money in 2011, but would be a decline from the $10 billion and$11 billion value placed on the company after two secondary stock transactions in 2012. The $9 billion valuation works out to roughly $643 million for each one of the 140 characters each tweet can contain.
Twitter refused to comment on the report.
1. metalpoet (unregistered)
7:01p.m. I am such a f***ing narcissistic freak that I am starting a twitter account
7:04p.m. taking a s**t
7:15p.m. not listening to my imaginary girlfriend while i look at my 15 new followers yay!
8:00p.m. my girlfiend left me, oh well more time for twitter, and tomorrow....FACEBOOK!
What the hell has this f***ing world come to? Hey kids takes your eyes off of these life sucking social networks and get out into the real world and live!
2. Nadr1212 (Posts: 741; Member since: 22 Sep 2012)
I wish I was that rich
A person sure can dream!