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

[dr-memory.livejournal.com]

Youtube sold for $1.2B in stock, and that's been the template for the last few years: make enough press for yourself that Microsoft, Google, IBM, Intuit, Adobe or Oracle feel compelled to buy you in self-defense.

(I originally had Apple on that list, but then realized that I couldn't think of a single stupid panic acquisition they've ever made. It's debatable whether the Logic and Shake buyouts were worth the money, but they haven't been disasters either.)

Twitter is a small Ruby script with a business plan in the comments. For the sake of the several friends of mine who work there, I hope they pull it off. For the sake of my sanity, I'm not so sure.

[r-ness.livejournal.com]

Twitter is a small Ruby script with a business plan in the comments.

I love this description.