Twitter in early talks with potential buyers
According to many resources, Twitter has started early stage talks with a number of potential buyers, including Google and Facebook. It’s said that Twitter although a loss making website is valued at around $1obn dollars, compare to $3.9bn about a year ago.
Twitter is estimated to have over 175m registered users worldwide and there are over 95m tweets every day.
Twitter does not disclose its revenues but it is estimated to have around £45m in revenues last year but made a loss due to expansion, new server infrastructures, development costs for feature improvements and the hiring of staff.
In recent news Facebook raised $1.5bn of financing in a deal, valuing the massive social network at $50bn, so could be a serious contender for buying Twitter alongside Google and other companies.
Google and Facebook are believed to have discussed with twitter possible takeover bids in previous years. It is said that Facebook founder Mark Zuckerberg had offered Twitter’s founders over $500m in Facebook stock back in 2008 but nothing ever materialized
