Twitter Confirms Funding

In a recent blog post, Twitter has confirmed that they have indeed received a “significant amount of funding” let from venture firm DST Global. There were several reports over the last month that have speculated that Twitter received funding but up until now nothing was confirmed. Supposedly, Twitter is looking to receive this new funding to put the company at a value of $8 billion dollars.

The DST chief Yuri Milner made a statement:

“Twitter is one of the few companies that has truly changed the world. Twitter’s astonishing growth is a testament to how important it is becoming to more people every day, and why we couldn’t pass up the chance to be a bigger part of its future.”

This is just one of the many things that will help Twitter’s growth into an even bigger social network. Things certainly are looking good for Twitter right now. Twitter also just announced that it has opened an office in New York City.