Twitter is not for sale and it’s confirmed! Today’s most popular micro-blogging and social networking service Twitter is not for sale according to its co-founder Biz Stone. The declaration was made by Stone in an appearance in ABC’s “The View.”
“We’re just getting started as I’ve said. The company is two years old, we have so much to do, so much product stuff to fix, and so much growing to do,” Stone said.
This declaration just placed an exclamation point to the rumors that Google, Inc., Microsoft and Apple Inc. are all interested in acquiring the company. Twitter previously declined a $500 million offer by Facebook.
They are not selling it!
Maybe not for now….
That $500 million offer from Facebook was in private Facebook stock options. It was not a cash offer. The stock options were based upon Facebook’s own investor valuation, and with all the internal restrictions about Facebook stock, the stock has no value until Facebook goes public.
Had Facebook offered $500 million in cash, Evan and Biz would have sold. Now, it’s not for sale, and Evan said he would “blink” if someone offered him $1Billion but that it’s not for sale. Besides, he’s not hurting for money since he sold his last company for all that cha-ching!
Who isn’t interested in buying twitter, we have heard about Google, Apple, Facebook, M$ and I am sure CNN would have made an offer in private
I agree with Daniel, if Facebook offered a cash deal, twitter may have been sold by now. They wanted to trade in their over-hyped stock as currency, twitter founders are definitely not fools.
However, Twitter still needs to find a good way to make money. Everyone is watching them.
If someone was telling me 2 years ago that Twitter will be priced for at least half a billion dollars I wouldn’t believe him. Even today I think that it is overvalued. When it came out I found it very strange to inform just about everyone where we are and what we do every second of our life. By the way, gigantic Internet companies that sell something, like web hosting companies, aren’t priced as much. What can I say? Internet…
Not sure if face book is even making any money so i wonder why any company would buy another social site that they still have not figured out how to make money off of.
I wonder how much twitter would be worth?
I dunno, would you buy it?
To me Twitter seems like a bad business model. Where are they expecting to make money out of all of this? No doubt their costs are not so bad as Facebook given the simplicity of the service, but in reality I can’t see the attraction for advertisers.
I’m happy that they won’t sell it to google.
Google is becoming too big imo!
I think Twitter is a fad. Do you know why? Because, in the end, it’s stupid and ideas are not well conceived. It’s like the people on Facebook who talk about what they ate everyday. I don’t give a crap…
Twitter is getting more and more expensive, and they need to sell it quick before they go bankrupt.
Lot of other people make money using twitter, but there seems to be no value that Twitter is getting.
There is nothing Twitter can do currenlty that they can make money. Most the things that they could have started are already being done by others