Alyson Shontell | Business Insider
Twitter just published a post acknowledging a significant funding round led by DST Global.
It’s reportedly an $800 million deal, which skyrockets Twitter to an $8 billion valuation. Kara Swisher of All Things Digital says Twitter will use half of the money to cash out investors and employees.
Twitter says it will use the money to hire more people and continue to improve the product.
Here’s the announcement from its blog:
Twitter continues to grow around the globe at a record pace. Just a year ago, we delivered 65 million Tweets a day. Today, we generate over 200 million Tweets per day. One year ago, there were approximately 150,000 registered Twitter apps. Now, there are more than one million that connect to Twitter. And our team has grown from 250 people to more than 600 in the past 12 months.
More importantly, Twitter is where people around the globe come to instantly connect to what’s most meaningful to them. This makes Twitter the only place in the world to get a real-time pulse on what people are thinking and doing practically anywhere.
We’ve come very far in a short time. Now we have an opportunity to expand Twitter’s reach with a significant round of funding led by the venture firm DST Global, with the participation of several of our existing investors. We will use these resources to aggressively innovate, hire more great people and invest in international expansion.
Thank you for everything you’ve done to help get us here and for inspiring us to work even harder. We can’t wait for you to see what we have planned to make Twitter even better.
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The original version of the story appears here: http://www.businessinsider.com/twitter-yup-we-just-raised-another-significant-round-of-funding-2011-8
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