Feeds

Buzzmeisters value Twitter at $4.5bn

JP Morgan money toss explained

SANS - Survey on application security programs

Over the weekend, the interwebs were a-twitter about JPMorgan Chase dumping a load o' cash into Twitter – $450m for a 10 per cent stake, said the Financial Times, which as you math whizes out there have surmised, would value the micro-messaging service at $4.5bn.

There's one wrinkle to this rumor, however. As pointed out by TechCrunch, JP Morgan Chase already owns a hefty chunk of Twitter.

Not directly, according to TechCrunch's sources, but by investing heavily in a billion dollar–plus fund managed by angel investor Chris Sacca, which in turn has invested heavily in Twitter.

The Sacca fund's purchases of Twitter stock – well, at the top end of its share prices – also indicate Twitter's to be value at around $4.5bn, if TechCrunch's sources are correct.

If so, at least the FT got that right – although, as far as we can tell in the secretive world of high finance, another JPMorgan Chase investment might be in the offing.

That is, if Twitter needed the cash for developmental purposes, and there's no reason to believe, after a spate of recent investments, that they do. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'
Prospects for the future, however, please Wall Street money men
What's a right pain in the ASCII for IBM? Its own leech-like hardware biz
Keep your eyes on our cloud while we remove this pesky thing, say execs
Oracle's Larry Ellison has the MOST MASSIVE PACKAGE IN PUBLIC
Billionaire IT baron earns twice as much as the next in line, Disney chief Bob Iger
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.