Google Inc., Facebook Inc., plus other companies, have held "low level" talks with Twitter for a possible takeover of the social networking site, according to Reuters. Citing The Wall Street Journal (WSJ), the report said the talks have gone nowhere and that all three Internet giants declined to comment.
"But what's remarkable is the money that people familiar with the matter say frames the discussions with at least some potential suitors: an estimated valuation in the neighborhood of $8 billion to $10 billion," reports the WSJ.
However, according to the report, Twitter executives are in the process of building a large, independent company. "People familiar with the situation said the company believes it can grow into a $100-billion company," reports the WSJ.
Created in 2006, Twitter has 175 million users as of September 2010, according to Reuters. It is expected to generate about $150 million from advertising this year.
Check out Gel Jamlang. Born and raised in Pinas now lives in Baltimore, Maryland. www.geljamlang.com...
woltgan69 - June 19, 2013 | 4:24am
So young, so entitled.
eleanor - June 19, 2013 | 3:48am
Well, this is exactly the sort of thing you'd expect from a Kris Aquino-James Yap offspring.
FWTZD - June 19, 2013 | 1:23am
It's not racist at all to observe that non-homegrown Filipinos are disproportionately represented in this list. ...
JqTJD - June 19, 2013 | 1:16am
WALANG AZKALS at VOLCANOES.................................hahahahahaha
davismanny - June 19, 2013 | 12:01am