Twitter Gets Some Cash

All those Tweets are really paying off for Twitter. The microblogging service said on Friday that it got some more funding. Despite the company’s lack of business model, word around the Net is that investors including Benchmark Capital and Institutional Venture Partners put $35 million into Twitter, which had already raised $20 million.

twitter_logo.jpgAccording to MediaPost, Twitter co-founder Biz Stone expects that this new infusion will help his company get to the point where it’s actually making money from the service. Does that mean an actual business model? What a concept.

Related Stories
Mediabistro Course

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content! Sign-up before November 10 to get $50 OFF with early bird pricing. Register now!