Twitter Turns Down a $500 Million Offer from Facebook
Twitter has reportedly turned down a $500 million acquisition offer from Facebook on 24th Nov 2008. Twitter executives believed it was worth taking a shot at creating their own revenue-generating system before giving up the company to acquisitions. And, BoomTown’s sources say that the $500 million offer, which was an all-stock form, was seen as being “inflated,” since Facebook’s actual valuation is said to be close to $5 billion.
Image Courtesy : Trevor Mauch
I agree with Ajay on this….. I think it’s a big mistake….How is twittewr ever going to make money… Take the money.
i think twitter has made a big mistake
i am not able get how they will make money?
all social networking websites are for wasting your time excepet linkedin.