Friday, February 13, 2009

Twitter gets new funding, promises revenue

Yahoo! News - Twitter gets new funding, promises revenue by AFP: Yahoo! Tech

"Fast-growing micro-blogging service Twitter has reportedly raised an additional 35 million dollars in funding and said Friday that it is ready to 'begin building revenue-generating products.'

Twitter co-founder Biz Stone, in a post on the company blog, said a new round of funding came from venture capitalists International Venture Partners and Benchmark.

Stone said Benchmark's Peter Fenton will join the board of directors of the San Francisco-based service that lets users share what they are doing at any given moment in brief text messages on computers or mobile telephones.

Twitter claims to have more than six million users."

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