Twitter Acquisition Talks
This morning TechCrunch posted an article of some talks of Facebook acquiring Twitter. The rumor on the street is that that Facebook was offering $500 mil of their already overvalued stock.
TechCrunch reports: “Facebook has raised $516 million in funding to date, while Twitter is backed by $20 million in investment. Twitter boasts 6 million active users, while Facebook reports more than 120 million.”
I’m on the fence as to whether this would be good for the tech community. I like the idea of the expanding Twitter’s existing reach and making it a lot more powerful than it is. I also like the idea of it becoming a more stable platform with the right team behind it. My main concern is that Zuckerberg will try to integrate it in with Facebook too much and cause it’s unforeseen death.
Either way, Twitter, of which I’m a big fan, does need to start thinking about its future and quick burn rate.
What are your thoughts on Facebook acquiring Twitter?
I think it could be a potentially horrible blunder. I love twitter, just the way it is, even with its scaling issues and random downtimes (see: twitterpiller).
I think that if something as huge as facebook (even though I do use it daily) were to acquire it, they would not hold true to the simplistic ideals that twitter has come to be known for (at least in my mind).
I would love to see twitter come up with some semblance of a business model and start generating its own revenue (see: Recent post that said over 50% of twitter users would pay to use it).
November 24th, 2008 at 9:37 am