This is another example of how Twitter is becoming increasingly valued as a Social media platform and I think it would be amazing if JP Morgan does end up investing in Twitter and adding it to its digital growth fund. The fact that a company like JPM created a Social Media Investment Fund underscores the growth potential in this area and we have yet to see the full potential of Social media.
Report: JP Morgan in investment talks with Twitter
By Ariana Eunjung Cha
JP Morgan is reportedly in talks with Twitter to buy a minority stake in the micro-blogging site. Neither will comment on the talks, but anonymous sources confirmed to the New York Times, the Financial Times and the Wall Street Journal that the investment by JPMorgan's $1.22 billion digital growth fund would value Twitter at more than $4 billion.
JP Morgan recently established its social media investment fund to jump on the technology and social media companies that have seen exponential growth in the past few years.
No comments:
Post a Comment