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Twitter valued at $8 billion

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The US micro-blogging website Twitter is gaining value and is now worth an estimated $8 billion, the New York Times reported Friday.

The newspaper, citing two people briefed on the matter, said the popular website is in the process of raising $400 million in a deal that has provided the latest estimation of its value.

The Wall Street Journal had reported a similar deal on Tuesday, putting the company’s valuation at up to $7 billion.

The Times cited one of its sources as saying that the financing round will be led by DST Global, the investment firm headed by Russian billionaire Yuri Milner, and that previous investors, including the venture capital firm Kleiner Perkins Caufield & Byers, will also participate.

In December, Twitter received an injection of $200 million from investors to help fuel its growth, reportedly giving the San Francisco-based company a valuation of $3.7 billion.

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That round of financing was led by Kleiner Perkins Caufield & Byers.

Twitter has fended off several buyers and has repeatedly said it is not considering going public.
Founded in 2006, the company recently announced that Twitter users are sending 200 million tweets a day, up from 65 million a year ago.

A recent study by the Pew Research Center said 13 percent of online US adults use Twitter, up from eight percent in November 2010. The site has more than 200 million total users.

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Will Hurd becomes first GOP lawmaker to condemn Trump’s ‘racist and xenophobic’ attacks on Dems

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Rep. Will Hurd (R-TX) on Monday became the first Republican lawmaker to unequivocally condemn President Donald Trump's racist attacks against four Democratic lawmakers.

When asked by CNN's Christiane Amanpour about Trump's weekend tweets, in which he told Reps. Ilhan Omar (D-MN), Alexandria Ocasio-Cortez (D-NY), Ayanna Pressley (D-MA) and Rashida Tlaib (D-MI) to “go back” to their countries despite the fact that all four are American citizens, Hurd did not hold back on repudiating the president's statements.

"Those tweets are racist, and xenophobic," he said. "They’re also inaccurate. The four women he’s referring to are actually citizens of the United States."

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Opponents of Fox News’ racism are ignoring the most important target: columnist

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Over the weekend, Fox News host Tucker Carlson went on a rant against Congresswoman Ilhan Omar (R-MN), claiming that she poses a danger to America and is the reason U.S. immigration laws should be changed.

Writing in The Intercept, columnist Peter Maas points out that while it's important to call out Carlson's racism, journalists shouldn't lose sight of the fact that the real culprits are the Murdoch family, which funds the xenophobia and racism of Fox News.

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Trump says his racist attacks were ‘not at all’ racist as Pelosi preps resolution condemning him

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President Donald Trump on Monday said his racist attacks on four Democratic lawmakers were "not at all" racist, even as House Speaker Nancy Pelosi (D-CA) announced a congressional resolution to condemn him for his "disgusting" smears.

While taking questions from reporters, the president was asked if he believed his attacks on Reps. Ilhan Omar (D-MN), Alexandria Ocasio-Cortez (D-NY), Ayanna Pressley (D-MA) and Rashida Tlaib (D-MI) -- whom Trump told to "go back" to their countries despite the fact that all four are American citizens -- were racist.

"Not at all," the president replied.

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