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Silicon Alley Insider is reporting that Twitter is closing in on a Series C round. The valuation? Apparently $60 million up from a previous round at a $20 million valuation. So Twitter, one of the hottest startups in Silicon Valley is worth $60 million and Slide is worth $500 million? Apparently!
The biggest challenge to Twitter is figuring out how they are going to make money. Twitter could attract over 100 million people and theoretically shut off the system because they couldn’t afford to keep it up and running.