Tuesday, August 2, 2011

Twitter raises $ 800 million

The Twitter social network announced on Monday 1st August, he had just concluded a new "round of major funding," led by the Global Fund DST led by Yuri Milner, with "several existing investors." Twitter did not quantify the operation, but according to the specialized site All Things Digital, the new funding amounts to $ 800 million , bringing in $ 8 billion in the overall valuation of Twitter.

The group did not specify how much time had gone on his round of investors, but the New York Times reported last month that DST Global (also a shareholder of Groupon, Facebook, Zynga and Spotify) would provide $ 400 million , and shareholders already in the capital, led by the fund Kleiner Perkins Caufield & Byers, $ 400 million more.

Twitter said on his blog that he intended to use this new windfall to "innovate with determination, hiring more great people and invest in international expansion." All Things Digital said, meanwhile, that 400 million would be reinvested in society, while the rest would buy back shares to employees and existing investors.

Twitter also recalled that it now was trading over $ 200 million detweets on his site every day, against only 65 million a year ago. It now employs over 600 people. Founded in 2006, Twitter, which lets you view and view the messages of 140 characters, has so far prevail growth on profitability.

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