Twitter formally announces their additional investments and welcomes Jeff Bezos and Bijan Sabet as investors in the company. Bijan Sabet will join the board of Twitter.
Jeff Bezos, of course, is the founder and CEO of Amazon.
Biz Stone writes on the twitter blog:
Jeff Bezos is said to have displayed intense and varied scientific interests at an early age. Having worked on Wall Street as a computer scientist, built a network for international trade, founded Amazon.com, and launched the human space flight startup Blue Origin, Dr. Bezos (through Bezos Expeditions, his personal venture investment company) serves as more than an investor and advisor because he is also an inspiration to all of us at Twitter. Jeff’s attention to business process details and distinctive, “honk-like laugh” are similarly admirable traits as far as we’re concerned.
Now that Twitter actually has the dollars from this investment, we’re looking forward to the day that the service has a sustainable revenue model of some type – and is able to stay online and functioning.
Over at TechCrunch, Michael Arrington writes:
I agree that Twitter is on track to become an indispensable service. In April I said “Twitter is becoming an Internet utility,” and meant it. Twitter is still a relatively small service, but users are averaging at least 15 twitter messages per day, meaning they are highly engaged. If they can get the platform stable, I believe they will eventually become as ubiquitous as email, instant messaging, sms and other forms of communication.