Not included in the long list of investors betting $100 million on Twitter today: Union Square Ventures, one of the messaging service’s most prominent backers. What happened? Best guess: The $1 billion valuation priced the early investor out.
Is Twitter a billion-dollar company? It is now, according to its investors. People familiar with the company tell me it has raised around $50 million in a funding round that values the start-up, which has no real revenue to speak of, at about $1 billion.
Twitter has weighed in on the hacker who rooted through the company’s files and on the Web sites that published some of the stolen info. The short version: Don’t blame Google for our security problems; we need to use better passwords. But do be careful about publishing hacked data; we’re talking to our lawyers. “Bring it on,” says Gawker.
One downside of being the world’s most talked-about start-up: You become an irresistible target for hackers. And now someone’s made off with a pile of Twitter’s corporate documents, apparently with Google’s unwitting assistance. Time to for a realistic solution to the cloud computing security problem.
The White House is already Twittering (of course). But now it’s getting tips from a pro–Twitter cofounder Jack Dorsey, who’s evangelizing official Washington at this very moment.
New York Times columnist Maureen Dowd says she’d rather be tortured than use Twitter. Good to know–especially if you’re one of the 5,000 people following her Twitter account.
See! Twitter did have news to report this week–but not about its elusive business model. The Web 2.0 microblogging-messaging platform everyone (or at least some of us) loves to obsess about has raised another $35 million.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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