Is Twitter a billion-dollar company? It is now, according to its investors. People familiar with the company tell me it has raised around $50 million in a funding round that values the start-up, which has no real revenue to speak of, at about $1 billion… Tweet This Post

Facebook has two very big pieces of news that they announced today at TechCrunch50. The first: They have crossed 300 million users worldwide now, extending their lead as the biggest social network. The second: They are now cash flow positive. Yes, from this point forward, Facebook is making money… Tweet This Post

Facebook dominates the social networking landscape when it comes to membership and mindshare, but many have speculated that the company’s focus on user growth has strained its ability to ever turn a profit. On Tuesday, those concerns were momentarily quieted as Facebook announced that it’s now free cash flow positive… Tweet This Post

BusinessWeek’s efforts to reinvent itself in the internet age hasn’t come cheap. On the eve of McGraw-Hill’s Sept. 15 bid deadline for the business magazine, The New York Times reports that BW’s social net Business Exchange is on track for nearly $21 million in expenses from its 2007 launch through 2009 . Last year’s revenue, [...]

Google (GOOG) held a conference call today to remind Wall Street about its search business.  Sounds like it was mostly a snooze except for the bit about some new ad formats.  We could see those driving per-click revenue up fast. JP Morgan’s Imran Khan summarized the call:… Tweet This Post

With Twitter growing so dramatically and in so many directions over the last few months, it’s probably no surprise that they have decided to expand their Terms of Service – the core rules that govern the use of Twitter. The company announced the changes today in a detailed blog post… Tweet This Post

It was in October, on stage at our Future Of Business Media conference, that The Economist publisher Paul Rossi first wondered about the resurrection of the online paid content model. Now the website, which, since 2007, has charged only for stories more than a year old, tells us MediaWeek’s report, that it will put all [...]