June 24, 2008 8:24 PM Subscribe
The rumors are true. Outage-plagued Twitter really has been raising money and today announced that they'd closed their funding round. Venture firm Spark Capital doled out some cash as did Amazon.com CEO Jeff Bezos. Twitter, however, ain't saying how much money was raised. (It's reportedly around $15 million.) CNET helpfully points out how the press release from Twitter that announced the news went out of it's way to mention that the company will -- hold the presses -- someday be supported by an actual revenue model: "To reach our goal, Twitter must be reliable and robust. Private funding gives us the runway we need to stay focused on the infrastructure that will help our business take flight."
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