Twitter: We have enough cash in the bank

Twitter: We have enough cash in the bank

Twitter has stated that they have enough cash in the bank and they are not necessarily looking for fresh investments.

This statement comes after industry reports that they are going for another round of funding.

DST is one of the investors that are pretty interested in investing in Twitter. They already have invested heavily in Zynga, Facebook and Groupon. All of these companies are huge in social space.

Twitter also said that they are in ongoing talks with Facebook to enable contact sharing between the two services.

Twitter along with Google is a service that is specifically blocked by Facebook from importing contacts.

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