Twitter announced a "significant" investment from a Russian investment group led by Digital Sky Technologies. Rumors say the investments is $800 million.
Twitter has closed what the company calls a "significant" investment. Rumors have that Twitter got a huge cash infusion of $800 million bringing the current evaluation of Twitter to $8.4 billion according to the Wall Street Journal.
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The investment comes from a investment consortium led by Russian Digital Sky Technologies. These guys also already put $400 million into Facebook a couple years ago. Half of the money is going to buy shares of existing holders and the other half is going to be invested into Twitter's operation. Twitter plans to agressively innovate, hire more great people and invest in international expansion according to a post on the Twitter blog.