Saturday, February 12, 2011

Who will buy Twitter - Google or Facebook?



Who will buy Twitter - Google or Facebook? - Business News - Technology Digital: "Google and Facebook are holding low level talks with Twitter about buying the messaging service for between $8 million and $10 million, the Wall Street Journal reported on Thursday.

That, however, could be a very generous estimate, the Journal said. According to 'people familiar with the matter,' due to the cost of hiring new staff and adding more data centers, Twitter actually lost money in 2010 and it’s revenue totaled roughly $45 million.

The company, which allows users to broadcast 140-character messages to groups of followers, had 175 million users as of September."