Twitter Gets Major Funding, Adds New Data Center

1sockchuck writes "Twitter has announced new funding led by Kleiner Perkins, with reports placing the new round at $200 million for a valuation of $3.7 billion. Twitter CEO Dick Costolo said the microblogging service added more than 100 million new accounts in the past 12 months. That kind of growth requires a lot of servers, so Twitter will open a new data center in Sacramento as it begins to operate its own facilities, following a path forged by Google and Facebook."

Re:Another fine investment decision...

[Anonymous Coward]

This is a popular response, but they've been profitable since they began the Google/Bing search deals last November/December. It looks like this round is to catalyse and sustain growth.

Re:Another fine investment decision...

[rochocinco]

Where are you getting that info? There were a lot of reports end of last year about them being profitable. But, in August of this year, they admitted they are not profitable. There is an interview on CNN Money.