Another $100 million for Twitter?

Twitter's long-anticipated business plan had better be close on the horizon, because according to the Wall Street Journal, the site has some new investors on board: Mutual fund T. Rowe Price, Insight Venture Partners, and a handful of others have reportedly pumped $100 million into the microblogging phenomenon.

TechCrunch reported last week that Twitter was putting together a round of funding at around a $1 billion valuation. But that report suggested that the company would do so by raising about $50 million--half of what it actually has, per the WSJ, in a deal expected to close Thursday.

Twitter still doesn't make significant revenue. But its founders have said that paid corporate accounts, in the form of a sort of "analytics dashboard," are imminent. Advertising isn't out of the question either, despite what some of the company's executives have said in the past.

The company's initial round of Series B funding last year valued it at about $80 million, but soon added to the round in a deal that upped the valuation well into the hundreds of millions.

[Michichael]

So tell me again how a service that most people forget about after 4-5 months of tweeting is worth 1 billion dollars?

[gfsdfge]

It's not. Fools rush in....

[liquidmetalband]

Have I somehow gone back in time? Is this the dot com bust again?

[stigmattaman]

"Twitter still doesn't make significant revenue. "
Does it make any revenue whatsoever? Seriously, I'm curious.

[techgeekdude]

As George W. Bush used to say in private on a regular basis "I don't get it." This is the money pit at its worse.

[karlito636]

Here is a tool to calculate website value(Calculated twitter value too):
http://www.how-much-is-my-website-worth.info/

[PhaseDMA]

Karlito636 - Wishful thinking at its very best.

[jpbgmail]

Why do they even need $100 mill?

Oh, I forgot - they don't make any money ..

[azul7]

They might in the near future. Earlier this spring/summer, Twitter management hinted that they were considering adding some kind of paid service. See: http://s.azul7.com/twitterpaidservice

While a small number of twitterers probably generate a lot of the tweets, over time as companies increasingly turn to Twitter and as consumers become more familiar and tweeting becomes a habit, Twitter stands a good chance to be considered as a necessary tool rather than a fad.

[1missive]

pump and dump