this month, Twitter was reported to be in the final
stages of securing additional funding to the tune of $50 million.
The newly raised funds value Twitter at $1 billion. Reuters is
reporting that Twitter is now doubling the amount of financing that
it was expected
to raise to $100 million according to sources.
reports that investors in this round of financing include Spark
Capital and Institutional Venture Partners as well as T. Rowe Price.
T. Rowe Price is a mutual fund known for investing in public
companies more than start-ups. The participation of T. Rowe Price in
the funding has raised some speculation that Twitter may be preparing
for an IPO.
Analyst Colin Gillis from Brigantine Advisors
said, "You only see this type of behavior typically when a fund
is seeking to get a position before an IPO."
soaring in popularity with 44.5 million visitors to the site in June,
a 15 times increase compared to the year before. Twitter currently
does little to monetize its traffic, but is set to sell ads and
premium features in the future. Other speculation is that Twitter
could be gobbled up by a larger internet firm like Google, Yahoo, or
quote: The newly raised funds value Twitter at 1 billion theoretical dollars.