Sunday, February 22, 2009

Twitter For The Win

It looks like Twitter's run of good luck and good times will continue. To update my earlier post post on the subject, Twitter's actual venture capital raise was in excess of $35 million dollars. Twitter raised $35 million from new investors and, according to TechCrunch, several of Twitter's earlier round investors also bought their pro rata shares.

Twitter still has virtually no revenues and no real plan at this point on how to generate any. But hey, they have a huge and growing user-base and now they have a lot more money to spend on figuring out how to generate revenues.

You can follow me on twitter here.

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Dividends and Preferences by Hank Heyming is licensed under a Creative Commons Attribution 3.0 United States License.