Twitter valued at $3b

Twitter is reportedly planning a new funding round that would value the social networking site at over $3 billion (€2.2 billion).
The company is in talks with investors over the financing, and has drawn keen interest  from a variety of firms, multiple sources told Silicon Valley blog TechCrunch.
Twitter is apparently eager to raise more than the $100 million the company took during its most recent fundraising a year ago. It has collected $160 million so far.
Russian investment firm DST Global - which has stakes in social networking companies Facebook and Zynga - is eager to lead the round, the sources said.
Secondary trading for Twitter shares issued to employees value the company at a minimum of $1.57 billion, TechCrunch said.
Twitter is also looking to add value by stepping up sales of tweet streams. The firm unveiled a deal granting start-up Gnip permission to sell its data feeds to developers yesterday in a bid to address complaints that its pricing seems arbitrary.
Gnip will offer feeds in three packages - the Halfhose, which comprises 50% of tweets; Decahose (10%); and Mentionhose, which includes all posts that mention a particular user.
Twitter currently only sells an entire feed of tweets called the Firehose, All Things Digital said. Its 10% Gardenhose feed has been replaced by Gnip's offering.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.