Facebook and Google in Talks to Acquire Twitter

Internet giants Google and Facebook have been reported to be in talks for acquiring Twitter. Reports indicate the the microblog is estimated at $8-10 billion. However, reports also indicate that in 2010, Twitter's revenue was only about $45 million and due to the cost of hiring more staff and getting more data centers, Twitter actually lost money. They are projected to make $10-11 million in 2011.

Going once, going twice...

Published Date: Feb 12, 2011 11:36 am | Updated Date: Feb 12, 2011 11:36 am