Palo Alto,
Calif. - Twitter is looking to
raise $50 million in new financing at a $1 billion valuation, TechCrunch
reported, citing multiple sources who said CEO Evan Williams disclosed the
figure during a staff meeting.
The company last raised $35 million in February,
from backers including Benchmark Capital and Institutional Venture Partners.
To date, the microblogging service has raised a total of $55 million.
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(TechCrunch)
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