Feeds

Serial Web2.0 investor pumps Twitter valuation to $8bn

$57m per character

Top three mobile application threats

Twitter closed a "significant round of funding" yesterday, with lots of help from the Russian venture outfit that has already pumped large sums of cash into Facebook, Groupon et al.

The micro-blogging site said that serial Web2.0 investor Digital Sky Technologies Global (DST Global) led the Twitter funding round, but didn't reveal how much money was involved.

According to Kara Swisher at All Things Digital, DST stacked up a large part of the total $800m cash pile that Twitter aims to raise. An insider told Bloomberg that DST Global's contribution amounted to $400m, but the company declined to confirm this, although it did confirm the deal. Half of that money is understood to have been dished out to staff and shareholders at the privately-held company.

The funding round reportedly tagged Twitter's valuation at $8bn.

Twitter, which has more than doubled its employee headcount to 600 people in the past 12 months, said it was now generating over 200 million tweets per day on the service.

"We’ve come very far in a short time. Now we have an opportunity to expand Twitter’s reach with a significant round of funding led by the venture firm DST Global, with the participation of several of our existing investors," said the company.

"We will use these resources to aggressively innovate, hire more great people and invest in international expansion." ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
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
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
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
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
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.