Twitter lands biggest venture capital deal in history

August 2, 2011 12:42:37 AM PDT
Twitter has just landed the biggest venture capital deal in history.

The San Francisco company is getting $800 million in funding from a Russian company called DST Global and several existing investors.

That would put the value of the company at $8 billion.

Twitter says it plans to use the money to aggressively innovate, hire more people and invest in international expansion.