New information has been uncovered about JPMorgan Chase’s social media fund, and the importance that it is putting on Twitter. The fund, known as the J.P. Morgan Digital Growth Fund, will value Twitter at $4.5 billion, and is hoping to purchase 10% of the company for $450 million.
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Discover why countless investors and businessmen, including the Winklevoss twins, are becoming big supporters of virtual currencies at Inside Bitcoins on July 30 in New York. You'll hear from speakers like Charlie Shrem, Vice Chairman at Bitcoin Foundation, who runs one of the largest alternative payment companies. Every paid registrant will receive a Bitcoin paper wallet with 0.01 Bitcoin. Register before Thursday and save.Twitter is an attractive investment opportunity right now, if recent rumors about JPMorgan Chase’s social media fund are any indication. The bank is planning to raise money from hedge funds and wealthy clients for a social media fund, and will be dedicating a significant portion of this fund solely to Twitter.
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