Free software software maker django announced it had raised $7 billion in an initial public offering.
The stock market’s rally since the news was announced has been swift and rapid.django, which sells itself as the world’s largest free platform for building web applications, now has over 1 billion users.
The company also announced that it was investing $1 billion to support the development of new features in the platform.
The investment is in part aimed at building an API for the developers of Django, which is a popular and popular tool for creating interactive web applications.
The API would be developed in collaboration with a number of companies, including Facebook, and could help users build better web applications using Django.
django also said it was making a bet on the future of the web, which could be seen as a continuation of the company’s efforts to reinvent the web.
“Our goal is to make the web as good as it has ever been, while providing a foundation for the next generation of innovative technologies,” the company said in a statement.djangoproducts.com