Tech | November 24, 2008 | 16 comments

How Facebook nearly bought Twitter

source: http://www.techdigest.tv/2008/11/how_facebook_ne.html

Image
purplefox
When I first heard about Twitter, my immediate thought was of how those obsessive Facebook status updaters will finally find a home (and stop filling the rest of our newsfeeds with their every last thought or movement) - and that it wouldn't be long before Facebook either tries to compete, or buy them out. So it perhaps isn't exactly surprising to hear that three weeks ago, Facebook offered Twitter US$500 million worth of stock. What's interesting though is that Twitter has turned them down.

Speculation is that Facebook's $500 million of stock isn't actually worth that much (credit crunch coming into the game?), as well as the site just not being overly keen to be swallowed up by a giant like Facebook (good for them!).

Also, TechDigest points out that Twitter may be wanting to see if they can earn some real cash themselves first, before considering cashing it all in, especially with Facebook's beady eyes on it.

So what do you think? Should Twitter stay clear of Facebook? Or should the two merge and create ever more live-feeding, updating, possibly annoying action?
  1. groups:
    Tech,   Facebook,   Twitter
  2. tags:
    Tech,  Internet,  Facebook,  Twitter,  1 more
  3.     
    |

16 comments // How Facebook nearly bought Twitter

more from Tech:
from the community

top videos