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Twitter Gets Major Funding, Adds New Data Center 125

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."
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Twitter Gets Major Funding, Adds New Data Center

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  • by Denny ( 2963 ) <> on Wednesday December 15, 2010 @06:50PM (#34567624) Homepage Journal
    Are Twitter at any point going to get a revenue stream?
  • Re:Yay... (Score:5, Insightful)

    by dummondwhu ( 225225 ) on Wednesday December 15, 2010 @07:05PM (#34567828)
    Yes, it surely makes no sense to grow as much as possible when the opportunity presents itself because it's going to all come undone at some point. We might as well hide under our beds instead of going to work. Hell, I know the work I'm doing now is going to be a useless piece of shit in a decade, so why bother?
  • Re:Yay... (Score:5, Insightful)

    by AbRASiON ( 589899 ) * on Wednesday December 15, 2010 @08:23PM (#34568664) Journal

    How did this get +3 on the moderation? I'm going to guess twitter haters?
    Not all huge sites are shrinking in size, look at facebook, youtube, google themselves.

    Twitter is one of the greatest new forms of communications in the last 20 years.
    My first 2 tweets stayed for 6+ months iirc and were just "twitter is lame" and "update: twitter is still a wank" or something like that.
    I didn't 'get' twitter.

    Now that I do, I do not understand why on earth SMS still exists, this website / application(s) allows me to talk to people instantly across the planet with a 0$ fee (unlike SMS) and I can include pictures, links or whatever, I can use trending topics to see what is big in the world right this second! (yes, that's big)
    When someone posts "is that an earthquake?!" I go to twitter, type in earthquake and can have confirmation in seconds

    Twitter allows manufacturers, famous people and important people to instantly share messages and thoughts with people. There is an awful awful lot of stupid and irrelivant shit, mark my words I understand this but inbetween all that it's amazing, utterly amazing.

    I can see my friends have conversations - and yes they can do it privately but they can also do it publically, that ability to see their conversation - is almost like being at a resteraunt or bar where everyone is having a chat - my ears are tuning in (if I desire) to their conversation and I can at any moment join in, all wirelessly, all instantly - in any timezone.

    I don't often praise things and it sure as shit took me a while to get it, infact until you literally have an account and follow a couple of people, I totally get hating on it - the interface is silly to understand at first, once you do get it - it's incredible, utterly incredible.

    My only problem with twitter, or rather their only problem is that I simply can not fathom how they can monetize it - in any way. Google however purchased Youtube and I distinctly recall me saying "what the fuck is google thinking? 4 billion? That's stupid - this is googles first big mistake" - I mean there was no ads back then and it was 5 years ago, bandwidth is fucking expensive and they just paid money to serve up terabytes of data a day, why?!
    Anyhow: TLDR is that twitter should utterly replace SMS, without question, SMS is completely dead to me, all my friends with twitter I can tweet in seconds, it's a fucking incredibly powerful and clever communications tool, once you learn it, you'll love it.

"I think trash is the most important manifestation of culture we have in my lifetime." - Johnny Legend