Groupon is planning an initial public offering that would value the three-year-old online coupon distribution site at as much as $15 billion -- more than double what Google reportedly bid on the company last year -- The New York Times reported.
Twitter is mulling a new round of funding that could value the company at over $3 billion. This news comes just as Google is in negotiations to buy Groupon for as much as $6 billion. Other large web 2.0 companies have also been given lofty valuations as well.
Amid rumors that Twitter is considering pursuing another round of venture funding, the microblogging site's co-founder Evan Williams said his company has "a lot of money in the bank," and that its advertising efforts are paying off better than expected.