Twitter, one of the most popular communication services, Internet, will receive $ 100 million from investors to finance its operations, in a transaction listed on the social network created three years ago at 1,000 million dollars despite not yet considerable revenue generated much less revenue.
The news suggests that the founders of the message service to 140 characters, Evan Williams and Biz Stone, are determined not to sell your idea to a large company while looking for ways to make money from it.
Twitter did not elaborate on the size of the investment, saying only that it involved a large sum. However, two people briefed on the negotiations confirmed to him amounts to The Associated Press on condition of anonymity.
Williams and Stone declined to be interviewed.
Investors who bought parcels of shares in Twitter are three that have already invested in the company Benchmark Capital, Institutional Venture Partners and Spark Capital and two new shareholders: Insight Venture Partners and T. Rowe Price.
Twitter, based in San Francisco, had raised $ 55 million previously. The last capital of 35 million, was seven months ago.
With so much money in the bank, the company now can buy more computers and further improve the stability of its service, which is prone to interruptions. You can also add employees to its roster of 60 without feeling the pressure of being acquired by a larger company.
"This is a smart move on the part of Twitter because it gives them time to get revenue to its momentum and generate a business plan," said Ken Marlin, a banker specializing in technology investments.
The intention is that the funds preserve the independence of Twitter until it can generate enough revenue to cover their own expenses, said one source familiar with the negotiations.
Twitter has already rejected a takeover offer for 500 million dollars from Facebook and it was rumored that both Google and Microsoft made consultations on a possible takeover.
Williams, one of the founders, said Friday in a blog that Twitter want to see how far you can reach alone
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