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Twitter Raises $100 Million, Now Worth $1 Billion

With a new round of funding set at $100 million, microblogging sensation Twitter looks to be valued at $1 billion.

Currently, the 60-person company has no discernable plan to do anything significant with the funding beyond general operating costs or slight improvements to exsiting features.

It also has no discernable plan monetize via advertising or sponsorships either, a sticking point with observers outside the company.

Most analysts didn't seem to mind however, citing the site's continued growth as a reason to be confident about the three and half year old service's steady growth.

Helping boost its stock along the way were likely acquisition attempts by internet giants Facebook, Google and Microsoft.
Since it started, Twitter has seen its community grow to what Comscore reports is 54 million users a month.

Facebook by comparison boasts 300 million users. Earlier this year, internal notes were released indicating Twitter may be aiming higher, even in terms of billions.

The new investors include Insight Venture Partners, T. Rowe Price in addition to current backers Spark Capital and Institutional Venture Partners.

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