Printer Friendly
The Free Library
22,728,960 articles and books

Internet heavyweights pump cash into Twitter project.

THE technology heavyweights behind Bebo and Lastminute.com have invested in a project aimed at making it easier to access social networking site Twitter, it was reported yesterday.

Brent Hoberman, who cofounded Lastminute, and Bebo founder Michael Birch are among a team of investors who together have pumped pounds 1.2m into TweetDeck, according to reports.

TweetDeck was founded by for mer computer developer Iain Dodsworth last year, and it is now thought that around 10% to 15% of all tweets - messages sent on the Twitter website -are sent via the application.

The application now works with Facebook, and he is hoping to extend to cover other popular sites.

Twitter has quickly become one of the best-known names on the internet, with users posting messages of no longer than 140 characters from mobile phones or the web.

The site is used by celebrities like Stephen Fry and has added to news reporting -with tweets sent by witnesses of the Mumbai terrorist attacks and election protesters in Iran.

Mr Hoberman and Mr Birch made their TweetDeck investment through PROfounders Capital, a new fund designed to be a way for entrepreneurs to invest in young businesses. Other members include Peter Dubens, the businessman behind broadband firm Pipex.

Sean Seton-Rogers, general partner of PROfounders, said: "A lot of funds are focused on making sure that the companies they have already invested in survive."

COPYRIGHT 2009 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily Post (Liverpool, England)
Date:Aug 18, 2009
Words:230
Previous Article:Credit card CEO got 'millions' from bank; Pay-out for missed promotion.
Next Article:RBS has the highest charge; In brief.
Topics:



Related Articles
Life is tweet for IT team as new website takes off; In association with acme Service offers mobile phone updates.
Celebs threaten to quit Twitter.
Celebs threaten to quit Twitter.
Celebs threaten to quit Twitter.
African Americans love to tweet.
Sports stars go head to head in cyber battle.
More Internet users sharing status updates.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters