On Friday, September 25th, The New York Times reported that Insight Venture Partners and T. Rowe Price were on the verge of making a $100 million investment in Twitter at a billion dollar valuation. That kind of valuation gets a lot of attention in our investment banking community, so my husband and business partner, Rex, had a lot of questions for me about Twitter. As my loyal Roxiticus Desperate Housewives readers know, I have a Twitter account but don't update (or "tweet") very often. Even though you'll find lots of companies and potential advertisers like Charter on Twitter, it is hard to grasp how Twitter will monetize all of the 54 million "eyeballs" (i.e., committed users) the 140-character alerting and social networking service commands. The investment community's euphemism for Twitter's current financial situation is "pre-revenue."
In other news worthy of a tweet, Charter just finished up giving away a laptop every day for the past two months and switched to a new Camaro Sweepstakes... Charter just loves fast. They're giving away not just any Camaro, but the new 426 hp 2010 Camaro SS, one of the fastest and hardest to get cars in all of North America. The new Charter contest runs from September 15th through noon on November 26th. In addition, anyone who signs up for 3 Charter services can get a $100 gift card, a $50 gift card for 2 services, or a $25 gift card for signing up for one new Charter service. These gift cards are from major clothing, home and accessory retailers, restaurants and more!
Check out Charter on Facebook and register today to win the 2010 Camaro SS, view the complete rules, specifications on the Camaro and more. And I'll keep trying to explain Twitter to Rex.