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Twitter said in a blog post that it had not actively sought the funds but investors were attracted to the firm because of its strong growth. In the last year Twitter users have increased by 900 per cent, according to the post.
Twitter said the new funding, which reports argue will increase the company’s valuation to $250m, will allow the company to start building " revenue-generating products", although it did not disclose what these might be.
Twitter’s profile on the web has been rapidly increasing in recent months. When the plane that landed on the Hudson River last month was first captured on camera by a Twitter user and spread around the globe in seconds, the site gained international recognition.
