Facebook: What are You Doing?
Ok, I don’t use Facebook and I don’t use Twitter. I’ve flirted with putting an “add to Twitter” button on the blog or a “follow me on Twitter” button but frankly, you guys don’t give that much of a shit about this stupid blog (if you feel differently, Steve, post in the dofollow comments).
So basically, $500 million for a “Status Update” function? Doesn’t Facebook have that? They were going to pay $500 million for a status update (yeah I said it twice)?? Is Facebook making any money? Is Twitter? Is this the same ol’ “we have a business model but we are going to buy Aeron Chairs
Ok, I have a successful service with 250 million people using it. I have another (sorta) successful service with 100 million people using it. Now, instead of losing money daily…wouldn’t you be trying to MAKE MONEY with your damned service???
It seems the world’s most popular social networking site was just moments away from acquiring another — and few of us ever knew about it. A Facebook executive has revealed that a planned takeover of Twitter only fell apart because of a disagreement over stock valuations.
It’s the first time anyone from Facebook has confirmed the takeover talks, though some insiders suspected the company was attempting to buy out rival site Twitter. There certainly would have been a logic to the deal: Twitter consists almost entirely of users posting short messages, a similar feature to the ’status update’ facility in Facebook. Bringing the two together would have made things simpler for users and expanded the overall customer base, thus boosting potential ad rates.
Thiel says the two sides agreed a $500 million purchase price and that Twitter would receive the payment in Facebook stock rather than cash — which is a common solution in large takeovers where there simply isn’t the money available for a buyout.
Facebook Nearly Added Twitter To Friends List / Infopackets.com
Leave a Reply