What Does Twitter Need With Another Billion (And A Half) Dollars?

twitterI’m glad it isn’t only me, but today I’ve seen just a glimpse of the reaction to yesterday’s news. Twitter, which raised $1.8bn in a float just under a year ago, announced yesterday that it’s looking to raise a further $1.5bn through two bonds — one for five years, the other for seven. Put simply, within a year of raising an absolute mountain of cash, Twitter has popped off to the debt markets to get another mountain of cash. As for me, I’m left scratching my head, and I’m not alone.

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