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Twitter Hunts the Big Bucks

1/26/09 - Posted by Evan Kessler under Industry

There are plenty of people who fail to see the worth of the constantly streaming array of minutia being posted on the internet at any given second. It’s safe to say that the founders of Twitter are not to be counted amongst that group, as they’ve managed build quite the following based on the fact that people love to sweat the small stuff.

Not only do people love to write about what they’re doing at any given moment, but they read about it too, thus making bitty bits of information quite the big business. Having recently turned down a $500 million buyout by Facebook (the real value of which was debatable), the micro-blogging site used by large corporations and websites (like us), Shaquille O’Neal, and real people too, is attempting to lure some interest from venture capitalists to boost their value to a solid $250 million. It seems allowing the public to share it’s deepest, darkest and at times most innocuous thoughts within the reasonable space of 140 characters carries as much value as, say, a priggish third basemen agreeing to play for a certain large market team for 10 years. Now excuse us, we have to go to the bathroom and then check our email.

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