Rumor: Apple to Take a Bite Out of Twitter?
by Brian Solis on May 5, 2009
You can’t believe everything you hear, but sometimes you can’t ignore everything either – especially when it booms across the Web in “Twitter Time.”
The latest rumor speculates that Apple is in late-stage discussions to buy Twitter for $700 million in cash and that Apple hopes to announce the deal by WWDC in June. This conjecture follows the most recent whirl of guesswork when Twitter met with Google to reportedly discuss search engine result strategies.
According to sources, the Apple sale is unlikely. Industry pundits believe that Twitter should spread its wings a bit broader to create something of greater value and impact. Although, according to an insider at Twitter, the company has skyrocketed to 25 million users and is growing at a clip of 40% per week following the Oprah effect. Assuming these estimates are accurate, the company could hold out for greater than 1 billion – as long as Twitter continues to flutter to new heights.
In the meantime, Ev, Biz, and the rest of the team can celebrate their Time 100 recognition.