Daily Archives: September 25, 2009

David Gelles

For all its talk of publicly sharing information with an ever-larger audience, Twitter kept curiously quiet when conversation turned to its own finances this time round.

It was first reported last week that Twitter was about to close a new round of funding. We confirmed as much yesterday, after new details of the funding emerged.

Insight Venture Partners, a New York private equity firm, and T. Rowe Price, a fund manager, are leading the $100m round, which values Twitter at $1bn. This is Twitter’s fifth round of funding, and brings total investment in the company to $155m.

But despite all the chatter, Twitter didn’t tweet about it. 

Chris Nuttall

The App Store is becoming as overused a buzzphrase as Web 2.0, with San Francisco now implying the city itself, as much as any device, can become a platform for applications.

Gavin Newsom, the city’s trendy Twittering mayor, guest-posted on the Mashable blog on Friday. He announced the launch of the DataSF App Showcase, “a City App Store to highlight and centralize programs created from City data.”