Feeds

Twitter slaps itself with $1bn price tag

Seeks more money for bonfire of inanities

Boost IT visibility and business value

Twitter is trying to raise another $50m, pushing the (self) valuation of the company above a billion dollars, despite lacking an income of any kind.

News of the new round of funding and valuation comes from "multiple sources" according to TechCrunch: we've not managed to get confirmation as yet but if it's true then it gets added to the $35m the company raised earlier this year.

Quite why Insight Venture Partners - fingered by TechCrunch as the primary investor - would be pouring money into a business that has no revenue model and no obvious sign of developing one, we don't know.

Not that this prevents other companies making money out of Twitter: telephony outfit Jajah has just announced Twitter integration, allowing twits to talk to each other for two minutes though connections established by tweet, and various PR companies use tweets to update eager fans. But none of that puts money in the hands of Twitter, or its investors.

Twitter recently modified the Terms and Conditions to make it clear it has the right to do anything with tweets - including copying, publishing, modifying and using, but rather cutely then proclaims "they are your tweets and they belong to you".

Twitter also likes to talk in vague terms about premium services and advertising, but exactly how that's going to work is a mystery. But at least it is one that another $50m will postpone resolving for a year or two. ®

Using blade systems to cut costs and sharpen efficiencies

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.