What is Twitter’s Value? $1 Billion

Twitter is in the process of closing a round of funding, which has put the value of the social network site at $1 billion. The Post Chronicle said that this was the latest reports on events, thanks to Tech Crunch. This certainly shows that social networking is big business.

Twitter is looking to raise at least $50 million; the company has yet to confirm any of these details. Just last February, Twitter was involved in another round of funding; this was led by Benchmark capital. Back then, Twitter had been valued at $250 million.

Although sites like Twitter are thought to have high value now, there is a question mark on how long they will be successful and if they make a viable business. For a more detailed look at the value and popularity of Twitter, head over to Post Chronicle.