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Twitter has announced a new round of funding with Spark Capital and Bezos Expeditions coming on board. Bezos in particular may be able to help Twitter reach the quality of service they need to be successful.
We're happy to announce two new members of our investment team: Bijan Sabet with Spark Capital in Boston and Jeff Bezos of Bezos Expeditions in Seattle. Bijan has also accepted a seat on our board of directors. We're looking forward to the guidance and advice both will bring to Twitter. Existing partners Union Square Ventures in New York City and Tokyo-based Digital Garage exercised their pro rata rights to participate in this round as well.
June 24, 2008 at 12:46 pm by kferaday, 210 views, 2 comments
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at 17:37 on June 24th, 2008
kferaday, interesting - thanks!
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alf_knutsenat 01:40 on June 27th, 2008
This is an familiar picture to most all twitter users, as it tells us that twitter.com, once more, is down and unavailable.
I guess theres no secret to the fact that twitter has had infrastructure issues, having grown to much to fast, and I suppose, not having anticipated all the traffic and then being unable to grow exponentially as fast as the user base and services that depend on twitters api to feed them again.
In all fareness I think that we should all be happy that they manage to keep the site working as a free service for now, but were bound to see some changes I guess as the demand on server capacity will keep growing and the investors will most likely want to see some gain from their money.
Keep up the good work, folks at twitter, the new media is you, and perhaps a few others. :-)
alf_knutsen has contributed a photo to this story.