Path raises $25 million for a private social network

It’s been a bumpy road for Dave Morin’s Path, as manic rumors over the last year have pegged the “private” social network at once as the subject of lagging growth, shrinking staff and potential acquisitions, while at the same time raising a mega $50 million round at a $500 million valuation. Today, the company’s long path to a Series C appears to finally have come to an end. Having recently revealed an additional revenue stream with the launch of premium subscription plans and product additions like private sharing, over the last quarter, Path has been making moves that appear to have reassured investors of its long-term prospects.