Twitter Seeks $7B Valuation

Business

Updated Apr. 24, 2017 3:19PM EDT / Published Jul. 06, 2011 6:53AM EDT

Martin Keene, PA / AP Photo

Don’t expect the Twitter IPO anytime soon: The company is seeking a new round of private investing, which could bring in hundreds of millions of dollars and value it as high as $7 billion. That means the company could have nearly doubled its value in the months since it raised $200 million for a $3.7 billion valuation. Still, the company doesn’t bring in much revenue and is seeking to develop its ad system before it looks to an IPO. The plans include a way of integrating sponsored tweets into users’ accounts and an entirely new ad offering, whose details are under wraps.

Read it at The Wall Street Journal

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Twitter Seeks $7B Valuation

Martin Keene, PA / AP Photo