E-Commerce Times Talkback
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The micro-blog site Twitter is rumored to have inked an agreement with Institutional Venture Partners and possibly other venture capital firms that values it at an eye-popping $250 million. Assuming the report is correct, it says much about the state of VC financing in general, as well as the industry's view of Twitter's prospects in particular. Liquidity, or corporate financing, has contracted in just about every industry over the last year. Indeed, this recession is proving to be especially intractable.
Twitter is one of the most narcissistic social networking applications ever concieved and a giant waste of bandwidth.
Here that sucking sound?....the sound of venture capital being flushed down the toilet?