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Apple Rumored To Want To Buy Twitter

Posted by kdawson on from the and-a-pony dept.

OSXGlitch writes "A post on TechCrunch this morning extends the rumor that Apple wants to buy Twitter with part of their massive cash reserve (estimated at nearly $29B). The Twitterverse is alive with speculation that the price being discussed is $700 million. This goes against reports that Twitter's founders aren't interested in selling, and that they estimate the value of the company at around $250 million. Two questions: How do we all feel about the possibility of Apple owning Twitter? And, can Twitter decline an offer that is nearly three times their estimated worth?"

5 of 325 comments (clear)

  1. The Guardian says this is hot air by levell · · Score: 5, Interesting

    This Guardian article argues that the story is complete hot air, the two sources (Tech Crunch and ValleyWag) are both unconvinced themselves and the Twitter execs seem to be in the wrong part of the US to be locked into negotiations with Apple.

    Leaving aside whether it is true or not, it seems a very strange fit. Apple doesn't seem to gain very much in its core business from the acquisition

    --
    Struggling to find a day everyone can make? WhenShallWe.com
    1. Re:The Guardian says this is hot air by xenocide2 · · Score: 5, Interesting

      The question then is, who started the rumor? Probably the twitter execs themselves, who are in negotiations with a different party and need some leverage to prop a valuation greater than zero.

      --
      I Browse at +4 Flamebait

      Open Source Sysadmin

  2. Business Plan by MrMarket · · Score: 5, Interesting

    1) Launch free web service
    2) ???
    3) Profit

    Can someone remind me how Twitter makes money. Or, at least how to justify a $700 million valuation?

  3. How they COULD make money by presidenteloco · · Score: 5, Interesting

    Find out interesting keywords in what people say they are doing or talking about.

    Advertise something local and highly related to that person, in the form of a discount offer or something.

    Google ads for the attention-span-of-a-gnat generation?

    --

    Where are we going and why are we in a handbasket?
  4. Re:I will quit twitter by MCSEBear · · Score: 5, Interesting

    Hopefully, the cycle of companies with large expenses and no profits being purchased by the stupid will come to an end. We all know how profitable Skype has been for after eBay paid 2.6 Billion dollars for them. Not to even mention how profitable Youtube has been since Google paid a mere 1.65 Billion dollars for them.

    Apple is sitting on a buttload of cash right now, but wouldn't it be a hell of a lot more logical for them to build a fab with it? They certainly have been gathering in a whole lot of chip design expertise lately.