Twitter gets new funding, promises revenue

Fast-growing micro-blogging service Twitter has reportedly raised an additional 35 million dollars in funding and said Friday that it is ready to "begin building revenue-generating products."

"Twitter is growing at a phenomenal rate," he added. "Active users have increased 900 percent in a year."

Twitter, which allows users to pepper one another with messages of 140 characters or less, has grown rapidly in popularity since it was launched in August 2006 but has been unable so far to generate revenue.