Twitter’s long-anticipated business plan had better be close on the horizon, because according to the Wall Street Journal, the site has some new investors on board: Mutual fund T. Rowe Price, Insight Venture Partners, and a handful of others have reportedly pumped $100 million into the microblogging phenomenon.
TechCrunch reported last week that Twitter was putting together a round of funding at around a $1 billion valuation. But that report suggested that the company would do so by raising about $50 million–half of what it actually has, per the WSJ, in a deal expected to close Thursday.
Twitter still doesn’t make significant revenue. But its founders have said that paid corporate accounts, in the form of a sort of ‘analytics dashboard,’ are imminent. Advertising isn’t out of the question either, despite what some of the company’s executives have said in the past.
Originally posted at The Social