Amazon.com’s Jeff Bezos is the latest investor in Internet communications firm Twitter, according to the company, as the much-watched firm announced its latest funding round in a blog post. San Franscisco-based Twitter, which runs a popular instant-messaging service.
The company says the money will be spent on building up its infrastructure and reliability to become the communications utility it needs to be before it can become profitable.
Twitter co-founder, Biz Stone, writes on the official Twitter blog:
Twitter will become a sustainable business supported by a revenue model. However, our biggest opportunities will be worth pursuing only when we achieve our vision of Twitter as a global communication utility. To reach our goal, Twitter must be reliable and robust. Private funding gives us the runway we need to stay focused on the infrastructure that will help our business take flight. We will continue hiring systems engineers, operators, and architects, as well as consultants, scientists, and other professionals to help us realize our vision.
Though some readers tire of hearing about every little bit of Twitter news, the involvement of the man who invented something so key in defining the web of the future (Amazon) in this little company aiming to redefine online communication should be of general interest. We’re excited to see what Twitter will do with the new infusion of cash and expertise.
Source: ReadWriteWebFiled under Business News | Tags: Amazon, Investment, Twitter | Comment Below