Twitter received $100 million in funding on Friday, valuing the company at $1 billion, according to a person familiar with the matter, as investors bet that the Web company’s explosive growth will yield actual revenue or a lucrative deal.

But the three-year-old Internet microblogging company has yet to figure out how to make money from the free service.

Executives have cited premium features and advertising as key initiatives to make money, though co-founder Biz Stone told Reuters this week that Twitter would not take advertising this year, despite widespread speculation that it would.

Twitter gets new round of funding, new backers | Technology | Reuters

By admin

Former Freehand Freelance Graphic Illustrator... been online since 2004 ( late starter ), blogging since 2005, presently writing a suspense-thriller e-book that began as a screenplay.

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