Twitter is valued at $250 million
Comments: 2 - Date: January 25th, 2009 - Categories: In The News, Social Networking
Glad to hear at least one company that doesn’t make money yet is able to get venture funding! Twitter, which turned down an offer from Facebook, is getting more venture funding, according to this Washington Post article. The article is little more than a rumor, but interesting. Apparently, Twitter has passed Digg in number of weekly visits.
I maintain that because Twitter’s earliest adopters were adults, not teenagers or college kids, it is in a much better position to find a profitable business model compared to other social network services. Not only are Twitter’s core users in the business of web 2.0, they are using Twitter to support their work. It is only a matter of time before Twitter figures out how to make money off of that.
Comment by Alex - 25 January 2009 @ 5:21 pm
I’d say $250 million is already enough… ;)
Comment by Edison Thomaz - 25 January 2009 @ 5:45 pm
If you assume they have 1 million users, then the value of each Twitter account is $250. I actually don’t think they have 1 million ‘active’ users, so each user is worth more than $250. It’s always fun to make this quick calculation.