From last few months there were allegations on Twitter over its expansion dealing with Facebook & JP Morgan. Biz Stone, Twitter Inc Co-founder on Thursday smashed out the company’s future plan & expansion projects. Stone was speaking at the business forum in Seoul, reported by VentureBeat. He concluded his speech by mentioning that Twitter will not be looking for new funding for at least a year.
Growth of Twitter as Social Networking site is marvelous, company has been emerged as new blogging platform in the Internet Market. Been hitting hard & tough challenges to Internet giants like Google & Microsoft. Twitter grows in 360 degree dimension from competing users, advertising circle, mutual earnings & popularity among the youngsters. Recently, there was news about Facebook & Google talks about Twitter’s takeover bid. Later on Twitter declined any such development over such news & analytics.
Twitter, world No. 1 Micro-Blogging Website has raised nearly USD 200 million a deal that valued the company at USD 3.7 billion, less than a year after it began its first serious progress in the world of Internet market. Previously Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers was the lead investor which included existing Twitter investor.
Earlier to this week the Financial Times & other leading Media houses have reported, Twitter was in talks with JPMorgan Chase & Co. to sell 10 percent of the company for up to $450 million.
Speaking on Twitter’s Role on Social & Noble Issues,
Biz Stone mentioned, "Throughout 2008, 2009 and 2011, with so many things around the world somehow twitter found its way. And every single one of these things was just another amazing eye opening moment for us, making us realizes that the open exchange of information really can have positive global impacts all around the world”. ~ (Courtesy MoneyControl.com)
Twitter is a social networking and micro blogging service, enabling its users to send and read messages called tweets. According to Wikipedia, there are about 190 million users, generating nearly 65 million tweets a day and managing over 800,000 search queries per day. It is also recognized as “SMS of the Internet".
Image Source: shoutmeloud.com
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