Rumours have been circulating that investment bank, J.P. Morgan, could be interested in purchasing a $450 million stake in social networking site, Twitter. That adds up to a 10% stake in the company, valuing it at $4.5 billion - approximately a tenth of rival Facebook. JP Morgan has been raising capital for its new Digital Growth Fund, which aims to target the growing social networking market that Twitter is a part of. Twitter receives more than 250 million unique users each month, more than 100 times that of The Markets Are Open.
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Monday, February 28, 2011
JP Morgan Sends A $450 Million Tweet, JPM
Rumours have been circulating that investment bank, J.P. Morgan, could be interested in purchasing a $450 million stake in social networking site, Twitter. That adds up to a 10% stake in the company, valuing it at $4.5 billion - approximately a tenth of rival Facebook. JP Morgan has been raising capital for its new Digital Growth Fund, which aims to target the growing social networking market that Twitter is a part of. Twitter receives more than 250 million unique users each month, more than 100 times that of The Markets Are Open.
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