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Twitter's Value Is Set at $1 Billion

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IT'S THE BEVERLY HILLTWITTERS!
"Twitter Inc. is nearing a deal for as much as $100 million in new funding that would buy the fast-growing Internet-messaging company more time to figure out its business model," the Wall Street Journal. "The investors are valuing Twitter -- which has yet to generate more than a trickle of revenue -- at about $1 billion." Pretty good for nothing more than a brief and passing fad.

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