An Indian Civilizational Perspective

Twitter is worth $10 Bn

It is an impressive social networking site, but then $10 bn?  Wow.

Last Friday, the Financial Timesreported that BlackRock (BLK) was buying around $80 million of shares at a valuation just north of $9 billion. We later added that the only sellers would be a small group of early employees, which were said to be fewer than two dozen. Existing Twitter investors were not invited to sell.

Fortune has now learned from multiple sources that there is yet another block of early employee shares available, at a valuation of $9.9 billion. The shares would be secured by a fund affiliated with Gentry Venture Partners, which has been pitching the deal to clients.

If you were lucky to have gotten into the company early enough with stock options, you would soon be a millionaire for sure.

 

Source

 

 

 

Enhanced by Zemanta

Get Drishtikone Updates
in your inbox

Subscribe to Drishtikone updates and get interesting stuff and updates to your email inbox.

Leave A Reply

Your email address will not be published.

Get Drishtikone Updates
in your inbox

Subscribe to Drishtikone updates and get interesting stuff and updates to your email inbox.