Twitter appears to have convinced some investors that it's worth a billion dollars.

[randomness]

From Felix Salmon's blog:

"Twitter seems to have quadrupled in value over the course of just a few months: after raising $35 million at a $250 million valuation earlier this year, it’s now raising another $50 million at a — wait for it — $1 billion valuation. At these kind of levels, one assumes, there must be some idea of how to make money in the future. I also hope the founders are beginning to cash out at this point: or does Twitter really have a burn rate which would make Michael Wolff proud?"

Comments

[achinhibitor.livejournal.com]

Dilbert: Did you mention to the VCs that you didn't plan on creating anything other than accounting irregularities?

Dogbert [with large bag of money]: It didn't come up.

[r-ness.livejournal.com]

*snerk*

There's a reason Dogbert is my favorite character on that strip.