Twitter co-founder Biz Stone announced today that Twitter has secured a third round of funding via Benchmark and Institutional Venture Partners.
Although Stone didn't offer specifics, TechCrunch is reporting the figure to be in excess of $35 million, citing $21 million from Benchmark, $14 million from IVP, and undisclosed amounts from prior investors Union Square Ventures and Spark Capital. As part of the deal, Peter Fenton from Benchmark will join Twitter's Board of Directors.
Stone says the number of active Twitter users has increased by 900% over the past year, with twice as much traffic coming in via API vs the website.
Twitter's revenue model remains non-existent, but Stone assures as this will change soon, saying "We are now positioned extremely well to support the accelerating growth of our service, further enable the robust ecosystem sprouting up around Twitter, and yes, to begin building revenue-generating product."
Sidekick: The Good News & the Bad News Either way you look at it Microsoft Data Center management did not follow standards or best practices in this failure. In which case it makes me wonder more about the outsourcing of corporate data much less personal data.
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On a typical day, weather.com, the Web site for The Weather Channel in Atlanta, serves up between 15 million and 20 million page views. But in September 2004, when back-to-back hurricanes ransacked Florida, the peak traffic on one day more than tripled: over 70 million page views by more than 7 million unique visitors. Read the full success story now.
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