Executives from Facebook, Google and other companies have held talks with Twitter about a possible purchase of the microblogging service, bringing its estimated value to around 10 billion dollars, according to the Wall Street Journal.
The value is high for a company whose revenues were only $ 45 million last year, posted a loss, and estimated that revenue this year will be between 100 million and 110 million, said the newspaper.
Despite what appears to be an overvaluation, Twitter executives said they had no interest in selling.
They believe they can transform a company Twitter 100 billion dollars, the newspaper said. This is one reason why Twitter has hired engineers and other employees recently, and a new team of executives, including CEO Dick Costolo, ex-Google.
The newspaper did not say whether any formal offer would be imminent.
Twitter is a popular microblogging site where people post short messages, or tweets, up to 140 characters about what they are doing, thinking or anything else. The site has become a useful tool for professionals in entertainment and sports personalities to keep fans informed about where they are and their opinions on popular topics.
Companies are using Twitter to announce new products and innovations, and the 175 million registered users on the site disseminate useful, as the traffic situation, to their followers.
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The value is high for a company whose revenues were only $ 45 million last year, posted a loss, and estimated that revenue this year will be between 100 million and 110 million, said the newspaper.
Despite what appears to be an overvaluation, Twitter executives said they had no interest in selling.
They believe they can transform a company Twitter 100 billion dollars, the newspaper said. This is one reason why Twitter has hired engineers and other employees recently, and a new team of executives, including CEO Dick Costolo, ex-Google.
The newspaper did not say whether any formal offer would be imminent.
Twitter is a popular microblogging site where people post short messages, or tweets, up to 140 characters about what they are doing, thinking or anything else. The site has become a useful tool for professionals in entertainment and sports personalities to keep fans informed about where they are and their opinions on popular topics.
Companies are using Twitter to announce new products and innovations, and the 175 million registered users on the site disseminate useful, as the traffic situation, to their followers.
SUBSCRIBE TO BLOG BY: EMAIL
:
">FEED
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