Twitter has trained people to compress their thoughts into 140 characters and given a public stage to both dissidents in Iran and voluble stars like Shaquille O’Neal.
Now the start-up appears to have chalked up another achievement, writes The New York Times. Twitter, which has no discernible revenue, is set to raise about US$100m of new funding that would value the company at around $1bn, a person briefed on the company’s plans said Thursday.
For context, that is almost double the market capitalisation of Domino’s Pizza, which has 10 500 employees and had $1,4bn in sales last year. Twitter has some 60 employees.