JPMorgan Dedicates $200M of $1B Social Media Fund to Twitter
Twitter is an attractive investment opportunity right now, if recent rumors about JPMorgan Chase’s social media fund are any indication. The bank is planning to raise money from hedge funds and wealthy clients for a social media fund, and will be dedicating a significant portion of this fund solely to Twitter.
The New York Times DealBook reported that JPMorgan Chase was beginning to raise capital to invest in privately-held Internet companies like Twitter and Groupon.
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