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August 03 2011


Twitter valued at $8bn after large investment from DST Global

Guardian :: Twitter, the microblogging website that lets users tweet messages of 140 characters or less, is now worth $8bn (£4.9bn). The firm's new price tag comes after a $400m investment in the loss-making venture from serial social media investor DST Global,  the investment fund led by Russian billionaire Yuri Milner, which also owns stakes in Facebook, online gaming firm Zynga and discount firm Groupon, all of which have plans to go public.

Continue to read Dominic Rushe, www.guardian.co.uk

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