[Reuters] Twitter snags $100 million investment, new backers

Posted by: UGN Security

[Reuters] Twitter snags $100 million investment, new backers - 09/25/09 02:46 PM

SAN FRANCISCO (Reuters) - Twitter nabbed $100 million in funding and a $1 billion valuation on Friday from five firms including mutual fund giant T. Rowe Price, as investors bet that the Web sensation's explosive growth will yield actual revenue or a lucrative deal.