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Twitter is valued at $1 billion – I twitter you not

Twitter is valued at $1 billion – I twitter you not

Most of our regulars know how much I loathe Twitter and the plethora of inane garbage that is posted on a regular basis on the personal pages. Sure its a great platform if you want to keep in touch with a distant family member, but every time I head to a colleagues page it seems to be filled with meaningless drivvle about doctors appointments or how a new brand of coleslaw has really hit the spot.

Silicon Valley Insider have reported that the microblogging site is undergoing another round of funding and looking for a rather big one at that – apparently in the region of $100 million from venture capitalists.

This particular investment hits the scene just as they launch an unofficial App Store inspired service called OneForty. The service, which is still in beta form features well over one thousand applications built around Twitter’s API in various categories such as gaming, automation and browser plugins. I pray they release one lovingly entitled ‘the crap filter’ which may very well just block the whole domain from view.

This has always been the problem with the Twitter phenomenon, they struggle to make a profit even with a crazy amount of hits.

About Author

Stuart Davidson

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