A website based news service has reported about funding & also given tenure period of next several weeks. Funding will go into two parts of $400 million investment. First one investment is to bring funds in the growth of Twitter & remaining to cash out existing investors & employees.
As such no official comments from Twitter side, nothing mentioned over financing. But of course new valuation would double our total turnover. Twitter is presently working to put up revenue, principally through advertising. Initially company has started offering services from April 2010 itself now just reduce the bailout burden & increase the stake market scale.
As per as eMarketer, Twitter is expected to generate about id="mce_marker"50 million in ad revenue this year, estimation made by research firm. Funding is not exactly what already in the Social networking market. Earlier security agencies have declared earthen wealth of company in terms of total business & funds.
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