Twitter near closing $100 mln investment deal

http://www.marketwatch.com/story/twitter-near-closing-100-mln-investment-deal-wsj-2009-09-24

11 11 17 years ago

onreact-com3• 17 years ago

Now please refrain from telling us again how useless Twitter is. By now we know that some people don't actually like or use it.

jonknee2• 17 years ago

The ability to raise $100m doesn't mean something is useful or will be a good business. It just means some people with money to invest think it will.

onreact-com3• 17 years ago

Maybe some people throw away $100m but nonetheless I'm tired of some HN users bashing Twitter each time a twitter VC story likes this comes up.

hegemonicon• 17 years ago

This seems like alot to pay for a company that's raised funding twice before and still isn't anything resembling profitable.

unalone• 17 years ago

They've got time before they have to worry about profit. Something as large as Twitter is almost definitely monetizable, so it makes sense for people to invest now on the incredibly high chance that one day it makes insane amounts of money for its owners.

lacker• 17 years ago

I'd pay $1000 for one millionth of Twitter.

(Hmm, when I put it that way it sounds crazy.)

tristan_juricek• 17 years ago

Does anybody know the kind of timeframes Twitter is looking at before they are expected to make some money?

By my estimate (based on absolutely no knowledge or skill) it would seem that they're looking to do something in 3-5 years or so.

Twitter near closing $100 mln investment deal

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