Twitter completes 'significant' round of venture capital funding
Last month, reports circulated that Twitter could be worth approximately $7 billion. Whatever the real number is, it just went up.
Twitter confirmed some new stats on its official blog this morning, including a new average of over 200 million Tweets per day compared to 65 million at this time last year. The microblogging giant also reiterated its latest milestone of one million registered apps as of July compared to 150,000 just one year ago.
But the big announcement had to do with money, although this is the one spot where Twitter left out any numbers:
Now we have an opportunity to expand Twitter’s reach with a significant round of funding led by the venture firm DST Global, with the participation of several of our existing investors. We will use these resources to aggressively innovate, hire more great people and invest in international expansion.
Despite all of this money lying around, Twitter has not made any hints at declaring an IPO any time soon. There have also been other reports in July that place Twitter's valuation even higher at $8 billion or more, depending on Twitter's previous round of fundraising, so it's anyone's guess at this point.
As for expanding Twitter's reach, what exactly does that mean?
Here's a guess: AllThingsD is reporting that San Francisco-based Twitter could be expanding eastward to New York City. That's not exactly earth-shattering news, but Twitter has denied plans to open a New York City office before. Maybe with all this funding, company execs have had a change of heart (and budget).
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