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MediaMemo

Sunday, January 25, 2009

No Revenue? No Problem. More Money for Twitter on the Way.

Remember the good old days of Bubble 2.0? When a webby company with no real business plan could raise piles of money at an eye-popping valuation? Those days haven’t gone away for Twitter, which is raising another $20 million or so in a deal that will peg the company’s worth at $200 million or more.

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About Peter

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 »

Ethics Statement

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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