Is Twitter worth $1 billion?
reports that Twitter is about to sign a contract to take an investment of $50 million that would value the company at $1 billion. On a per-user basis, that valuation would make Twitter worth 1.5 times more than Facebook. And that would be a nice payday for the earlier Twitter investors.
It's particularly attractive for a company that, unlike Facebook, currently has no revenues. Yet it is amazing how much Twitter has penetrated the national psyche since February when I interviewed co-founder Biz Stone. Back then, Twitter had a total of $55 million in venture capital and claimed that it had grown at 900 percent since early 2008.