Home / Business / Twitter is worth $10 Bn

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.






Enhanced by Zemanta

Get Drishtikone's Profound Fix

Subscribe to get our latest content by email.

Powered by ConvertKit
A heartfelt NAMASTE! We hope you are enjoying our direct, honest, well-researched posts on topics of immense importance for India and the world! We don't mince our words and don't write general wishy-washy stuff. We go to the heart of the issue and look it in the EYE! Write to me at desh.kapoor@gmail.com and let me know how we can improve!

About Desh Kapoor

The panache of a writer is proven by the creative pen he uses to transform the most mundane topic into a thrilling story. Desh - the author, critic and analyst uses the power of his pen to create thought-provoking pieces from ordinary topics of discussion. He writes on myriad interesting themes. Read the articles to know more about his views and "drishtikone".

Check Also

Reason why Men struggle to understand Women Moods: Our Brain Systems dont work

shares Researchers at LWL-University Hospital in Bochum, Germany took 22 male volunteers – all single …

Leave a Reply

Be the First to Comment!

Notify of