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.
Clever video of the Christmas story as told through Facebook, Twitter, YouTube, Google, Wikipedia, Google Maps, GMail, Foursquare, and Amazon. ~ HAPPY HOLIDAYS!
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.
Dear Facebook - Just a head's up:
Social networking + email != peanut butter + chocolate.Sincerely, Google Buzz Team :)
What's next? The Google one-man head-mounted Map Cam?