Microblogging service Twitter is considering raising funding that would value the company at $3 billion, according to a popular technology blog.
Russian technology investment firm DST Global is seeking to lead the funding round, which would be larger than the $100 million that Twitter raised in September 2009, according to a report on Wednesday on the blog TechCrunch. The report said that other investors are also eager to be involved.
San Francisco-based Twitter has 175 million users and is one of the most popular Internet social networking services. The company, which allows its users to broadcast short, 140-character messages, or Tweets, to groups of “followers,” has only recently started efforts to generate revenue through special ads that appear in certain parts of its service.