New Investors Value Twitter at 1 Billion Dollars

Filed under: Industry News

twitter_logoAs recent as last February Twitter was valuing its self at 35 million dollars doubling its previous worth but in recent days investors are lining up to put money into a business that doesn’t have a monetization plan and is still not making money.

Even with its tiny 140 character posts Twitter is a huge resource hog. Moving quickly the company became one of Amazons first and largest Clown Computing customers but even the power of the Clown has not made the Fail Whale extinct.

Today announcements are coming out that T Rowe Price and private equity firm Insight Venture Partners.Existing investors are supporting the plan to include new investors Spark Capital and Institutional Venture Partners.

The deal should be worth 45 million dollars or about one dollar for each unique visitor that visits the site.

I want to know how they plan to monitize access through blackberry and other devices…. maybe forced Emails with ads.