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Twitter Valued at $7B

That's almost twice the figure from 7 months ago
By Matt Cantor,  Newser Staff
Posted Jul 5, 2011 3:25 PM CDT
Social Network Twitter Valued at $7B
Twitter co-founders Biz Stone, right, and Evan Williams.   (AP Photo/Marcio Jose Sanchez)

(Newser) – Twitter’s latest private fundraising effort values the firm at up to $7 billion, an insider tells the Wall Street Journal. Just seven months ago, a round of fundraising that brought in $200 million valued the firm at $3.7 billion. Twitter is hoping its ad system, begun last year, will someday boast billions in revenue. This year, ad revenues are set to reach $150 million. (Read more Twitter stories.)

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