image thumb42 Twitter eyes the cash, expects to raise more at $1 Billion Valuation

There has quite a lot that Twitter has raised in funding, the total which goes sums to $55 Million at present. However that isn’t going to stop here as the micromessaging service looks ahead to raising a massive $50 Million in a new round of funding at at a valuation of $1 Billion. This follows the $35 Million round that it raised in February this year, but the site has grown exponentially since then, with its visitors increasing by three fold. And the service is still free, which is quite admirable, although it is beginning to show a slight tilt towards monetizing its platform with its new TOS and might start charging to provide premium services.