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Report: Twitter Closing in on $800 Million Two-Stage Funding

12:00 pm on Jul 21, 2011 (gmt 0)

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Report: Twitter Closing in on $800 Million Two-Stage Funding [allthingsd.com]
In a move reminiscent of one done by Facebook in 2009, Twitter is close to completing an $800 million funding deal that will include a second part in which around $400 million of the total will be used to cash out current investors and also employees.

According to several sources close to the situation, the complex transaction could be completed within two weeks.

12:20 pm on July 27, 2011 (gmt 0)

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I wish Twitter well. I remember when I initially heard of it and thought it would never fly... I was wrong :) And today, it's actually one of my major news sources when something is moving in the world