The WSJ ran a piece yesterday entitled 'Twitter as Tech Bubble Barometer' in which they reported executives at both Google and Facebook have had "low level talks" with executives at Twitter about a potential acquisition of Twitter. In the very next sentence they state that "the talks have so far gone nowhere". Ok let me get this straight: Low level talks that went nowhere - wow, that's quite a scoop! Their fascination though was on the rumored $8 - $10 billion dollar valuation of Twitter and on whether Twitter would be more likely to end up with Facebook or Google. Well let me answer that question, at least partially:
The only way that Twitter sells to anyone is if Dick can't get the revenue machine cranking on all cylinders within the next 12 - 24 months. If he can't, I think the board takes it out of his hand and takes an offer from Google at between $15 - $25 Billion dollars. My bet (and hope) however is that Twitter eventually finds its groove and goes it alone.
UPDATE: Felix Salmon from Reuters wrote an excellent piece today entitled "Understanding Twitter's Valuation". I highly recommend it, especially if you've wondered how a rational person could value a company with relatively meager revenues of less than $50M at an enterprise valuation of $10 Billion dollars.
As usual, Stewart nails it - creates comedy out of Zuckerberg's hypocrisy:
“Mark Zuckerberg doesn’t want to be transparent? The guy whose immense success was founded on mining our personal data, the guy who shares my photos with the whole world unless I change my privacy settings every half hour!?”
Now that's what I call a "Zen" Diagram!
Clever video of the Christmas story as told through Facebook, Twitter, YouTube, Google, Wikipedia, Google Maps, GMail, Foursquare, and Amazon. ~ HAPPY HOLIDAYS!
Do you have good Facebook manners? Timmy and Alice don't. Watch their bad behavior to learn the dos and don'ts of Facebook breakups.
If you're serious about Social Networks / Social Media do yourself a favor and go through this entire presentation from Paul Adams at Google. View in full screen by clicking "full" in the SlideShare tool bar.
This video was posted in Dec. of 2009, BEFORE the latest Facebook controversy. For Jason's current thinking see The Big Game, Zuckerberg and Overplaying your Hand. "Zuckerberg represents the best and worst aspects of entrepreneurship."