Thursday, September 24, 2009

Twits

Image representing Twitter as depicted in Crun...Image via CrunchBase

http://blogs.wsj.com/deals/2009/09/24/breaking-news-twitter-to-raise-100-million-from-insight-t-rowe-price-other-investors/

"Twitter, the messaging web site that has become an Internet sensation, is nearing a deal to close as much as $100 million of new funding from as many as seven investors, according to people familiar with the deal."

Oh great... So this puts off Twitters eventual demise by pouring more cash into this .com no business model non-business. What is this? 1995?

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