Google-Twitter deal not on
Biz Stone, co-founder of Twitter said on Friday, in a brief post on the Twitter Blog, that the company’s goal was to build "a profitable, independent company" adding that the micro blogging powerhouse was "just getting started".
This comes in reaction to last week’s rumours that Google was engaged in talks regarding the purchase of the company for a far greater sum than the US$250 million it was valued at during a recent bout of venture capital financing.
Despite this, it is not unreasonable to assume that Twitter may be up for sale in the future with Stone admitting that "Twitter engages with other companies regularly and on a variety of subjects" although he also mentioned that the company now has "over thirty employees" and that it is currently in the process of "hiring talented people if you want to join us".
The Google rumours surfaced just a few months after Twitter turned down a $500 million takeover bid by social media giant Facebook.
Twitter is, however, yet to generate any revenue and its employees are currently working on methods to make the site, once hailed as "the poor man’s e mail" by Google chief executive Eric Schmidt, a profitable entity.
Despite criticisms within the world of online business a money-making Twitter may not be all that far fetched. The company recently released plans to roll out a series of added value Twitter accounts for business users that may incorporate extended status character limits. This would enable paying users to type out more than the 140 characters allotted to subscribers at this current time.
Google-Twitter deal – give your views
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