Twitter raises $100 million, without earning a centIt’s not quite $1 billion but it’s still a whole mess of money for a company that still has no revenue stream: investors are set to sink about $100 million into social media phenom Twitter. As Media Alley puts it: that’s $7.14 million per character.
Capital raising
AXA moves to avoid the chop
AXA Asia Pacific Holdings gave little hint ten days ago that it needed half a billion in fresh capital, writes Glenn Dyer.
CBA capital raising dead and buried
It what could either be a stuff-up or sheer incompetence, the Commonwealth Bank has been forced to dump its latest $2 billion fund raising, writes Glenn Dyer.
