[Reuters] Twitter share auction suggests $7.7 billion valuation

Posted by: UGN Security

[Reuters] Twitter share auction suggests $7.7 billion valuation - 03/04/11 10:31 PM

SAN FRANCISCO (Reuters) - A recent auction of Twitter shares on the secondary market suggests investors value the company at $7.7 billion, more than twice the valuation the Internet microblogging service garnered in a December funding round.