I’m not a big-shot business wizard, but this seems insane:
Serious talks between the Facebook social network and the Twitter microblogging service started soon after Mr. Williams took over as chief executive on Oct. 16. Twitter reportedly rejected Facebook’s $500 million, mostly stock offer several weeks ago.
“We explored it, as we should. We took it seriously,” Mr. Williams said. “It definitely made sense — the strategy we talked about with them — but it wasn’t the right time.” Ultimately, he said, Twitter decided that it had too much left to do, beginning with figuring out how to make money.
Facebook tried to pay $500 million for a three-year-old company that doesn’t know how to make money, and the company turned it down? Is it the 90s?
Comments 2
relevant *and* insightful!
great blogging!
Posted 03 Dec 2008 at 1:10 pm ¶to be fair to all parties: neither of those companies are worth anything.
on a related note:
i will buy your blog for 3 rainbows and this deed to ventnor avenue
http://www.sweetandbitter.com/inside/images/ventnor.JPG
Posted 03 Dec 2008 at 2:48 pm ¶