Thursday, December 16, 2010

Twitter Now Worth $3.7 Twitter Now Worth $3.7 Billion

Twitter has received a $200 million infusion led by Kleiner Perkins Caufield & Byers, one of the premier venture capital firms in the world, and a key early-stage investor in a little company called Google.

Kara Swisher at AllThingsD broke the news (again).

The new investment round reinforces Twitter is one of the most important communications companies in the world, often mentioned in the same breath as Facebook, the 800-pound social media gorilla which has about 10 times the valuation. On paper Twitter is now theoretically worth more than even The New York Times, whose parent company is publicly traded.

In the last year Twitter users sent 25 billion tweets and the company added 100 million new accounts. Twitter now employs over 350 people, up from 130 a year ago.

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