Twitter is now valued at $8 billion

In its latest round of funding, Twitter's CEO Dick Costolo said that the microblogging site is valued at $8 billion. Costolo made this announcement at the

October 19, 2011 / 17:15 IST

In its latest round of funding, Twitter's CEO Dick Costolo said that the microblogging site is valued at $8 billion. Costolo made this announcement at the Web 2.0 event in San Francisco. He added that the valuation comes from the company recently raising $800 million in a two stage funding round and that Twitter is not looking at an IPO in the short-term. Costolo said, "I want the company to go public when the company is ready and prepared to be a public company, and not at the whim of some window."

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first published: Oct 19, 2011 05:09 pm

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