Is Twitter valued at $7 billion?

July 06, 2011 15:58

Every time you tweet, think of this.

Twitter Inc is raising funding that values the startup at about $7 billion, reports Bloomberg.

The San Francisco-based company is in talks with investors to receive hundreds of millions of dollars. Twitter's worth has almost doubled since December, when it received a $200 million investment led by Kleiner Perkins Caufield & Byers that valued the company at $3.7 billion.

The startup was pegged at about $1 billion in 2009, an exchange for shares of closely held companies, has assessed Twitter's current worth at $6.8 billion.

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