BERKELEY, Calif. (MarketWatch) — There has been a slew of rumors that Twitter Inc. turned down a $10 billion offer from Google Inc. to acquire the microblogging site. Among the rationales for the high valuation is that Twitter, like Facebook Inc., is an important social-networking tool.
First of all, Twitter is really a messaging service with various uses, and only a few uses remotely impinge on Facebook. In addition, there is no clear major revenue model for Twitter, and it’s doubtful that Google /quotes/comstock/15*!goog/quotes/nls/goog GOOG -8.26% will be able to change that.
When you sign up for Twitter, you seek to create a network of people with which you can exchange messages. You also follow others you hope will provide you with links or insight about certain topics.
Saturday, April 16, 2011
Is Twitter worth $10 billion? John Dvorak's Second Opinion - MarketWatch
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