Twitter Denies Facebook on A $500 Million Takeover!By Angsuman Chakraborty, Gaea News Network
Tuesday, November 25, 2008
And they can be,
- At Facebook’s real valuation, $5 billion or so, the offer only amounted to $150 million (not bad for two-year old company with no revenue, but a far cry from the billion-dollar dream)
- Twitter has high hopes for its own secret revenue model which will be announced next year.
- Twitter’s investors aren’t stupid: They wanted cash. Facebook presumably doesn’t have that much cash to spare.
The question is, is it really a good idea to sell on the first chance you get?
I think no. And Twitter surely did the right thing. What do you say?