August 1, 2011
Twitter has confirmed it has received “significant funding” from Yuri Milner’s DST Global.
While the micro-blogging site did not outline the size of investment led by the Russian investment company in a blog post, reports put the deal at $400m plus another $400m in secondary funding.
Twitter plans to use the funding for product development, hiring and international expansion.
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“We will use these resources to aggressively innovate, hire more great people and invest in international expansion.”
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DST Global, owned by Internet tycoon Yury Milner, has also made investments in Facebook, online deals site Groupon and Zynga, creator of the popular online games “Mafia Wars” and “FarmVille.”
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And this might be the reason twitter is doing nothing about the bot army: $800 Million from Russia!https://t.co/jnKWgEmkWi
— Betony Burnett (@BurnettBetony) June 5, 2017
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