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June 24, 2008

Twitter Funding Partners Revealed; Prepare to be Amaz(on)ed

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Twitter has been rolling out a good run of business related news over the last couple of days. Yesterday they announced the addition of a number of new team-members who will be working hard to increase the stability of the service by employing a distant descendant of one of our founding fathers:

On July 7th, John Adams will have a desk at Twitter as an Operations Engineer as well. This John Adams is very much alive and joins us from previous companies such as Apple and iFilm. Rudy and John will join Jeremy and Jay in the growing Twitter Operations department—Jeremy and Jay are very happy to have the help.

Today they’re announcing a couple of new superstar members of their investment team: Jeff Bezos and Bijan Sabet of Bezos Expeditions and Spark Capital respectively. Bezos obviously brings a vote of confidence with his addition to the investment team, having been known for investing in bleeding edge long shots and bringing them into extreme profitability before (look at almost any service offered by Amazon for evidence of his foresight).

In their announcement today, Twitter’s Biz Stone re-iterated that they do indeed have a path to profitability in mind, though they were using the capital investment to further enhance stability of the service, something that anyone in the Twitter community will enthusiastically applaud.

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