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According to the Wall Street Journal, Twitter has privately raised hundreds of millions of dollars in a new financing round that values the San Francisco based company at $7billion.

Twitter is hoping to get revenue from promoted tweets and trends which they launched last year. Twitter also has plans to include promoted tweets into the timeline by the fall of this year. eMarketer had earlier predicted that Twitter’s advertising revenue will triple to $150million.

They also announced in October last year that they’ll develop a tool that’ll allow small businesses to advertise on twitter. Twitter is clearly working hard on strengthening its service and its team while its peers like Linkedin and Zynga go public.

Binjo

Binjo is passionate about(some say he's obsessed with) technology and the web. . In his spare time, Binjo runs UP NEPA! Where he blogs on a wide range of issues. Circle Him on Google+

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