Thursday, February 10, 2011

Google and Facebook in talks to buy Twitter

If the report in todays The World Street Journal is to be believed Google and Facebook might soon bid to buy Twitter. Twitter has now over 200 million users, generating 65 million tweets every day. During the recent Super Bowl there were 4063 tweets per second breaking the previous record of 3283 tweets per second set during Japans 3-1 victory over Denmark during the last world cup. The record is of more then 6939 tweets per second set in Japan after midnight on  New Year's Eve.

But what is so special about Twitter a micro blogging sites ? Twitter has gained a lot of popularity over the past few years and is ranked at third place among the most popular Social Networking sites and among the top 10 most viewed sites worldwide. Facebook and Google have been in talks to buy Twitter for sum of $10 billion dollar much higher then the companies recent evaluation which was $3.7 billion dollars.

Both Google and Facebook have discussed buying Twitter in the past and have kept their lines of communication open.Twitter's revenues and valuation have risen even as the company continues on ways to translate its more than 200 million registered users into profitable business.

People familiar with the situation said that the company belive that it can grow into a $100 billion company.

To read the original article click here.


0 comments:

Post a Comment