Apple mulls over investment in Twitter
#SentFromMyiPhone @TimCook
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Apple has reportedly held talks with Twitter over the last few months in a move that could lead to a multi-million dollar strategic investment by Cupertino in the micro-blogging website.
As noted by the New York Times, which cited people familiar with the discussions, Apple has failed to make a success out of its attempts at social networking – Ping being the most recent example of dad-dancing-at-the-school-disco syndrome.
The newspaper added that the iPhone-maker had mulled over an investment worth hundreds of millions of dollars in Twitter, which could in turn push the valuation of the 140-characters-or-less messaging service to more than $10bn.
No talks are currently be taking place between Apple and privately held Twitter, which is ran by Dick Costolo, sources told Reuters.
The Wall Street Journal echoed the NYT story, which cited sources as saying the discussions had taken place some time ago and were currently inactive.
But the signs are apparently there for Twitter and Apple to form a strategic partnership as competition hots up from Google and Facebook, even as the latter outfit's share price continues to slide. ®
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COMMENTS
Dodgy valuation?
Twitter isn't worth $10 billion.
To work out the true value of a business, take the actual capital value of its real assets (in Twitter's case, not very much), and add on an amount based on the likely return on investment over a reasonable time. Twitter are hoping that they may manage to get income up to $1 billion in a couple of years time (NB that's income, not profit). As Twitter is unlikely to be around in 10 years time, then it needs to generate *profits* of a couple of billion a year to justify a valuation of $10 billion - oooh, look, did anyone see that pig fly over?
Perhaps a few hundred million as a fair valuation?
Re: #fuckoffapple
Thoroughly agree. Apple need to lay their mitts OFF, lest they bugger up something successfully that works with ALL platforms. Twitters success lies in the fact that it allows everyone, regardless of platform, to access its services. I can see, if Apple muscles in on this, that the platform availability would suddenly dwindle to one (iOS based only), and that all your personal data would suddenly 'belong' to Apple. Granted, this is a worst-case scenario, but the signs are all there: You just have to look with clear glasses.
I really can't understand why, in an online world with massive storage and big pipes, Apple are considering forking out on such a stupid fuc
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