At least those who over-hyped in the past have learned their lesson. Valuable, yes. But one billion for this one trick pony?
Dotcom darling Twitter is close to securing a cash injection of $100m (£62m), with executives due to complete a surprise funding round that would see the total value of the much-hyped Californian company quadruple to an estimated $1bn.
More than half a dozen investors – including some existing backers – are understood to have lined up to pump even more cash into the three-year-old San Francisco-based startup, despite the fact that it has yet to make any money.
