Facebook, Google, Microsoft have had hard luck inking deal with No.1 social network–twitter.
Founded in March 2006 by Jack Dorsey, Biz Stone, and Evan Williams; Twitter, once an alien network to many has managed to carve its identity in the otherwise identity-crisis war going amongst established and developing social networks. Whilst initially Internet Giant Google posed clear doubts about Twitter’s success with a surprising rumor of its interest in buying twitter, thereby threatening Microsoft and Yahoo! But bad luck for Google gang as twitter worth is more than $1 billion, sources claim.
The two-plus years of southwards going graph amidst phases of failure after meeting success guaranteed that twitter is going to have a long way ahead. All internet mammals must lend their ears here as industry insider reports reveal that Apple has offered $700 million to buy microblogging phenomenon Twitter and the deal is anticipated to be official on 8 June at annual Worldwide Developers Conference in San Jose. Renowned blogs, TechCrunch and Gawker generate confidence about their familiarity with the internal sources and trust the deal is in its late stages of conciliation.
Against Facebook $500 mn offer (cash + stock hybrid), the soon-to-happen $700 mn Apple-Twitter association would be purely a cash bid. Facebook offered couldn’t be exercised as twitter’s investors doubted the Facebook’s stock worth claimed by it. It was then the queue was joined by Google and Microsoft, with their deep interest in buying twitter. We all know Google and twiiter had joined hands to enable ad tweets streamed across adsense network.
While Google’s bid was anticipated to be of higher value than what Facebook offered, but Twitter CEO had little interest and openly repulsed it. News is Apple interest in acquiring twitter has generated because of twitter tie-ups with the iPhone. The copious iPhone applications i.e. Tweetie (to post twitter updates) is not only user-friendly but tops the list of Apple’s big sellers. It won’t be an understatement saying: “It is more of a statement purchase, than colossal money spinner, as Twitter has yet to mint revenues.
Via Telegraph
Posted by Varinya on May 5, 2009 in Business, Internet and New Media · 1 Comment
Twitter is really cool. I gain traffic and backlinks in this site. Very helpful tool. They says that we can earn $ in twitter but i still didn’t how it work. I’m still studying it. It’s good that twitter and google now joins hand.