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Reading: Twitter gets another $80 million courtesy of Andreessen’s group
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Science & Tech

Twitter gets another $80 million courtesy of Andreessen’s group

Published on: February 9, 2011 at 11:45 AM ET
Steven Hodson
Written By Steven Hodson
News Writer

Kara Swisher from All Things D has the exclusive story that is just breaking about Twitter getting another huge investment from Andreessen Horowitz group to the tune of $80 million.

Sources said that the firm made the move because it is already deeply invested in other key companies in the social space, including gaming giant Zynga, location-focused Foursquare, discounting phenom Groupon and general social networking behemoth Facebook.

Apparently, Twitter makes it a full basketball team.

The investment by the firm gives more perceptual heft to Twitter, which is still trying to create a lucrative business model for itself.

At some point this type of business model is going to go stale and all those investors are going to want to see a return on their money.

TAGGED:Twitter
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