Private Trading Increases Twitter's Valuation to $7.7 Billion
Private investors have pushed Twitter’s valuation up to $7.7 billion, which is more than twice its valuation just three months ago.
Twitter’s latest round of funding closed mid-December, and the $200 million investment from Kleiner Perkins and others saw Twitter valued at $3.7 billion – which itself was a big jump from a $1 billion valuation just a year prior.
Secondary market trade facilitator Sharespost sent an email to its subscribers last week announcing a private auction of Twitter shares closing at $34.50
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