Twitter is now valued at $7 billion. The companies newest valuation comes after executives for the world’s second largest social network raised an additional $200 million during their most recent round of fundraising.
You may recall that it was just seven months ago that the company was valued at $3.7 billion.
The valuation has some industry analysts scratching their heads over the company’s valuation which takes into account just $150 million in expected revenue for 2011.
Twitter still has a long way to go in terms of developing better advertising offerings and a system that manages to avoid crashing on a regular basis. Could you imagine if every other time you went to McDonald’s they said they couldn’t serve you because their registers were broken? That wouldn’t be much of a multi-billion dollar business would it?
Article Source: Yahoo.com
