Tuesday, June 24, 2008

Tech Trader Daily: Amazon CEO Jeff Bezos Takes A Stake In Twitter

"Amazon.com (AMZN) CEO Jeff Bezos has taken a stake in Twitter, the red-hot microblogging service. Twitter announced the move in a blog post earlier today. Bezos made the investment through Bezos Expeditions, a vehicle for his personal investments. Also investing in the company is venture firm Spark Capital; partner Bijan Sabet will take a seat on the Twitter board. Twitter said previous investors Union Square Ventures and Tokyo-based Digital Garage exercised their pro rata rights to participate in the firm’s new investment round as well.
Twitter did not immediately disclose the size of the investment round."

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