Twitter is currently in talks with investors to raise a new round of financing, The Wall Street Journal is reporting.
Citing anonymous sources, the Journal reported today that Twitter's financing could be based on a valuation of $7 billion. If that's the case, Twitter's valuation has skyrocketed over the last couple years.
In 2009, reports surfaced that claimed Twitter was raising funding on a valuation of $1 billion. Last December, Twitter secured $200 million in funding in a round led by venture-capital firm Kleiner Perkins Caulfield & Byers. That round was based on a valuation of $3.7 billion.
In February, The Wall Street Journal and The New York Times reported that Twitter was in talks with J.P. Morgan Chase to offer the bank a minority stake in the social network on a valuation of $4.5 billion.
Though Twitter's value has continued to grow, the company is still one of the smaller start-ups on the Web in terms of valuation.
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