According to a report on the Washington Post website, Twitter is putting together a plan to raise $250 Million following their refusal to be bullied by Facebook. Michael Arrington of Tech Crunch suggested that venture firm IVP were to be the main initial backers.
Twitter Search though is another story. According to Biz Stone, Twitter’s co-founder, ‘within the next 10 days Twitter will be putting their search feature into the home pages of around 1% of member pages before rolling the feature out to everyone’ say Dot Sauce.
It will be interesting to see just what the raised money is spent on and how this will benefit Twitter’s millions of users.