Social network Twitter is planning to raise up to $ 20 million investment

According to valleywag. com with a link to Silicon Alley Insider, a social network Twitter plans to soon raise another investment capital.

Among investors, Twitter are such companies as Union Square Ventures, Charles River Ventures and Spark Capital. In the past year to develop their network were sent to about five million U.S. dollars. Presumably, the next funding will be made as these companies.

Network Twitter is a microblogging system that allows users to send short text notes (up to 140 characters ), using SMS, instant messaging services or third-party client software. Messages on Twitter are immediately displayed on the page the user and can be instantly delivered to other users who have subscribed to receive them.

According to some analysts, the investment of such large funds in Twitter does not look like a smart move, because the management of the network still has not found a suitable service for your business model, which could generate a steady income.

net. compulenta. ru.