This just boggles my mind. Twitter is 3 years old now and hasn't even generated any revenue let alone profit so WTF? Recently however founders Evan Williams and Biz Stone have managed to procure another cool $100,000,000 to finance its opperations over the next year. They had $55 million from one investor and just raised another $35 million from another although the identity of the investors is unknown but their two newest share holders are Insight Venture Partners and T. Rowe Price. I wonder if they had anything to do with it? The good news for twitter is that they won't have to sell out to a corporation and now have the ability to expand their employee base of 60, get more computers and work on their outage problems.
Ken Marlin, a technology investment banker in New York with Marlin & Associates, said,