Facebook’s IPO Nosedive Brings Down Twitter’s Value By 15%
By Lauren Dugan on June 7, 2012 12:00 PM
If you’ve been watching the financial news lately, you’ll know that Facebook’s IPO was a dud. And its sinking value on the stock market is apparently pulling other tech companies down into the vortex with it – and Twitter is no exception.
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Reports that Twitter was seeking a new round of funding were confirmed Monday, with the announcement on the
Twitter’s valuation continues to rise as new reports have the company raising $400 million in a private round of financing.
The
Everyone wants to know whether we’re in a tech bubble or not right now, and this infographic puts things into a bit clearer focus. Take a look at what the largest social media and tech companies are worth, and how their valuations compare to their revenues – and note that Twitter is the most “overvalued” in terms of revenue to valuation ratio.


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.




Nadine Cheung
Editor, The Job Post
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