Please Share

Thursday, February 10, 2011

Google, Facebook, and Others Rumored To Be Shopping For Twitter

According to the Globe and Mail, Google Inc., Facebook Inc., and other interested parties are conducting low level talks with Twitter regarding an acquisition. These talks are said to give Twitter a street value of about $10-billion, nearly 3 times the valuation placed on the company when it raised $200-million in investor capital in December.

Citing a Wall Street Journal report the Globe and Mail say: 
Despite the valuation, the report said Twitter’s executives and board were working on building a large, independent company.
“People familiar with the situation said the company believes it can grow into a $100-billion company,” the WSJ said.
Regardless of the valuation I'd rather see Twitter go solo, or at least not sell out to Facebook! Unfortunately I don't have any say in the matter, and the guys with the money will usually come out on top in these things.