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Twitter, the free Social Networking and Micro Blogging service which has always been in news for last two years, is now all set to cross $1 billion Market Capitalization. Twitter, which has no discernible revenue, is set to raise about $100 million of new funding that would value the company at around $1 billion. This micro-blogging site with 140 character limit has created a revolution on internet with 1382 % monthly growth rate. Since its creation in 2006 by Jack Dorsey, Twitter has gained significant popularity worldwide.

It is also known as the “SMS of the Internet” as people use twitter for sending and receiving short text messages by other applications like mobile phones. In March 2009, a Nielsen.com, a survery site, ranked Twitter as the fastest-growing site in the Member Communities category for February 2009. I am also a regular user of twitter. You can follow me on http://twitter.com/abhisays