Twitter (Social and Business Networking site) has confirmed that its gained a significant amount of funding from investment firms.
“It was important to us that we find investment partners who share our vision for building a company of enduring value” wrote Co-founder Evan Williams in a recent blog post.
The site, is built on the basic principle to allow users to write and share 140 character messages, answering the question ‘what are you doing?’ and already has more than 45 million users worldwide, including some major celebrities.
Twitter is widely used for business networking, giving a small business access to some of the larger corporate companies with a simple ‘follow’ action, providing increased morale and providing businesses with the opportunity to create a more personal customer service.
With a recent change in the terms and conditions on the site, to allow advertising with its service, it seems Twitter will be the social networking site ‘to watch’ in the future…
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