Why did investors put another $35m into Twitter?

24 Feb 2009

Twitter has raised an additional $35 million. The money comes from venture capitalists Benchmark, IVP, Union Square Ventures and Spark Capital.

Twitter CEO Biz Stone says the money will go to expanding and improving the service. “Twitter is growing at a phenomenal rate. Active users have increased 900 percent in a year and even though our Web traffic is amazing, we see twice t

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Jim Townsend