GPS News  
INTERNET SPACE
Twitter valued in billions as popularity climbs

by Staff Writers
San Francisco (AFP) Dec 15, 2010
A fresh infusion of investment cash pushed Twitter's market value up to 3.7 billion dollars on Wednesday with the number of people using the microblogging service climbing to 175 million.

More than 25 billion "tweets" were fired off during the past 12 months, with Twitter adding 100 million new accounts during that same time frame, the firm's chief executive Dick Costolo said in an online post.

Venture capital firm Kleiner Perkins Caulfield Byers (KPCB) headed a new round of Twitter funding, which technology blog AllThingsDigital said tallied 200 million dollars.

The investment was reportedly based on Twitter, a private firm with 350 employees, being valued at 3.7 billion dollars.

"Growth is fun," Costolo said. "KPCB brings to Twitter a track record of helping build great companies, ranging from Amazon to Zynga."

Twitter this week added technology industry veterans Mike McCue and David Rosenblatt to its board of directors as it tightens its focus on turning its popularity into revenue.

Twitter co-founder Evan Williams stepped down in October as chief executive, ceding the helm to Google veteran Costolo, who was brought in last year to help the micro-blogging service make money.

Costolo, whose Web content distribution company Feedburner was purchased by Google in 2007, has been at the forefront of efforts to begin monetizing Twitter since he joined the company last year.

Twitter, which allows users to fire off messages of 140 characters or less known as "tweets," has enjoyed skyrocketing popularity since it was launched in 2006 by Williams, Jack Dorsey and Biz Stone.

McCue is chief executive of social magazine iPad application maker Flipboard while Rosenblatt's resume includes stints at Microsoft, Google, DoubleClick and Netscape.

"These additional resources and expertise will be extremely helpful as Twitter continues to grow as a company and business," Costolo said.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Satellite-based Internet technologies



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


INTERNET SPACE
Hackers flood Twitter with Acai spam
San Francisco (AFP) Dec 14, 2010
Passwords plundered from gossip website Gawker were evidently used on Tuesday by hackers to flood micro-blogging service Twitter with booby-trapped spam about Acai berries. Twitter users were being warned not to click on any of myriad "tweeted" links to websites promising information about Acai. The links are likely booby-trapped with malicious software that could infect machines, perpet ... read more







INTERNET SPACE
Wild seeds seen as world crop 'insurance'

No rice please, we're Indonesians

Forgotten vines help wine makers fight climate change

New Discovery About How Flowering Time Of Plants Can Be Controlled

INTERNET SPACE
Taiwan scientists claim microchip 'breakthrough'

Rice Physicists Discover Ultrasensitive Microwave Detector

UCSF Team Develops "Logic Gates" To Program Bacteria As Computers

Tiny Laser Light Show Illuminates Quantum Computing

INTERNET SPACE
NASA Research Park To Host World's Largest, Greenest Airship

Hong Kong's Cathay Pacific names new chief, eyes China

Iran upset over EU refusal to refuel its airplanes

Cathay Pacific chief nominated to take helm of IATA

INTERNET SPACE
Russia to build forest highway despite protests

Taiwan's Yulon Motor in joint venture with China's Dongfeng

Britain offers state grants for electric cars

Billionaire unveils Russia's first hybrid car

INTERNET SPACE
US, China talk trade despite tensions

China foreign direct investment up 38 percent in November

China to hike some rare earth export duties

US, China talk trade despite tensions

INTERNET SPACE
Not Seeing The Carbon Landscape Through the Trees

Australia boosts support for Indonesian forest scheme

Ravenous Foreign Pests Threaten National Treasures

UN chief urges forest deal to show climate progress

INTERNET SPACE
NASA Satellite Sees An Early Meteorological Winter In US Midwest

Redrawing The Map Of Great Britain Based On Human Interaction

Snow From Space

ASU Researcher Uses NASA Satellite To Explore Archaeological Site

INTERNET SPACE
Carbon Capture And Storage Technologies Could Provide A New Green Industry For The UK

Oceanic Carbon Fluxes: The Behavior Of Small Particles At Density Interfaces

Mexico to offset UN talks' carbon impact

World Bank launches emerging carbon market drive


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement