For a simple site with a large following, Twitter definitely needs all the technical infrastructure it can get. But given the simplicity of its function, does Twitter really need $1 Billion? Well, whether we like it or not, Twitter is about to gain a $1 billion private venture round valuation.If you will recall Twitter has earned $35+ million earlier this year during a private venture funding. Benchmark Capital and Institutional Venture Partner led the VCs who put their stake on Twitter.
Techcrunch mentioned that Twitter has currently raised $50 million so a 1 billion valuation is not that all impossible to happen.
In fact, it looks like this might become a reality pretty soon since Venture Partnes is eyeing Twitter for possible investment.
Now, could anybody tell me please what Twitter is going to use the money for? Is Twiter planning to increase its character limits? Well, only time can tell.