Twitter to Rceive a Whopping $100 Million from Investors

So far it’s the Twitterers who have been enjoying the facilities and the amazing features offered by one of the most popular social networking sites but this time around, it’s the owners of the Twitter who are perhaps tweeting to glory. Twitter is most likely to receive a huge fund of $100 million from seven different investors. The investors include T. Rowe Price, a mutual fund giant and, Venture Partners, a private equity firm inside.

Spark Capital and Institutional Venture Partners who previously invested in Twitter are also part of the new seven investors of Twitter.Although twitter is very famous, it may still have not earned enough revenue but the new investors value Twitter. It might generate just about $1 billion. Interestingly, a source familiar with the deal is expected to have uttered that investors are applying a similar value to Facebook at a whopping charge of $15,000.

This could be due a simple reason that Twitter is expected to have 25 million users whereas Facebook is expected at around 300 million users by the end of 2009. It will taWsjke sometime for Twitter to bounce back soon.

Via: Wsj

twitter2 Twitter to Rceive a Whopping $100 Million from Investors

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