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Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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The Twitter Bubble
The company has reportedly raised another $50 million in funding

Looks like there’s a few bubbles still left in the old champagne bottle.

Twitter, which has no income to speak of, has reportedly raised another $50 million in funding and been valued at $1 billion.

That’s four times the $250 million valuation it reportedly got in February when it raised ~$35 million in Series C financing from Benchmark Capital and Institutional Venture Partners.

With the new money total investment reportedly come to around $105 million.

Twitter is supposed to start charging businesses that use it for marketing and customer relations by the end of the year.

Whenever did we put that Brooklyn Bridge stock?

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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Don't get me wrong, I love Twitter as a tool but am puzzled at the amount of money invested in a company that has not had an active revenue model. They will begin charging but will businesses pay for a service that has been free? If businesses do pay for marketing there will certainly be some expectations of return on that dollar. Will that change the overall climate of Twitter driving away those who currently use the tool?


Your Feedback
Karen Swim wrote: Don't get me wrong, I love Twitter as a tool but am puzzled at the amount of money invested in a company that has not had an active revenue model. They will begin charging but will businesses pay for a service that has been free? If businesses do pay for marketing there will certainly be some expectations of return on that dollar. Will that change the overall climate of Twitter driving away those who currently use the tool?
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