Twitter now valued at cool $9.9 billion

Twitter now valued at cool $9.9 billion
Last week, major firm BlackRock purchased $80 million worth of shares of Twitter, giving the company a valuation of $9 billion.

The microblogging site was not done yet, though.



Early employees sold all the shares to BlackRock, and they are not done selling. Another block of shares have gone up for sale from employees, with the company valued at $9.9 billion now.

Twitter investors are not invited to sell shares on the second market.

It is unclear whether there is interest in the new available block.

Written by: Andre Yoskowitz @ 1 Feb 2013 23:23
Tags
Twitter Employees valuation blackrock
Advertisement - News comments available below the ad

© 2021 AfterDawn Oy

Hosted by
Powered by UpCloud