GOOGLE V/S FACEBOOK TO BUY TWITTER
Facebook Executives, Google and other companies discussing to twitter for a possible acquisition of the micro-blogging service, assuming its estimated value as high as $10 billion, according to a report in The Wall Street Journal.
The amount is great for a company that only had revenue of $45 million last year, and estimates its revenue this year will be between $100 million to $110 million, the Journal said.
Despite all the talks, Twitter executives are reportedly not interested in selling.
Twitter believes it can be a $100 billion company, This is one reason that Twitter has been hiring engineers and other workers, and also a new executive team, including CEO Dick Costolo, formerly an executive at Google.
Twitter is a popular micro-blogging website where people write short messages, or tweets, of up to 140 characters long about what they’re doing, thinking and more. The site has become a useful tool for entertainers and sports figures to keep their fans appraised of where they are and their views on popular issues.
Companies use Twitter to announce new products and research breakthroughs, and the 175 million registered users on the site send out useful data such as traffic and surfing conditions to their followers.
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