Twitter is once again raising money, this time at a $7 billion valuation, according to Amir Efrati and Spencer Ante of the Wall Street Journal. That valuation would be almost double the $3.7 billion valuation Twitter got last December when it raised $200 million from Kleiner Perkins and other private investors.
But that valuation would put it below the $8 billion to $10 billion takeover talks rumored last February, which Twitter denied. Those takeover rumors were also reported by Amir Efrati and Spencer Ante (As well as Anupreeta Das).
Twitter certainly could raise more money. Many investors would like to own shares, despite the fact that it hasn’t yet found a revenue model to match its technological and cultural impact. Perhaps DST, which was muscled out of the last round by Kleiner, would be interested to take another look.
Despite all the IPO activity among Web companies these days, Twitter is not believed to be preparing for an IPO anytime soon. It simply doesn’t have the financials to make that kind of run for the public markets. But with 200 million tweets per day and growing, there’s got to be a business in there somewhere. Right?
Created in 2006, Twitter is a global real-time communications platform with 400 million monthly visitors to twitter.com, more than 200 million monthly active users around the world. We see a billion tweets every 2.5 days on every conceivable topic. World leaders, major athletes, star performers, news organizations and entertainment outlets are among the millions of active Twitter accounts through which users can truly get the pulse of the planet.
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