wraggster
July 30th, 2012, 15:55
Speculation grows – and could push the mini-blog's value past $10bn.
The New York Times (http://www.nytimes.com/2012/07/28/technology/apple-is-said-to-discuss-an-investment-in-twitter.html?_r=2&nl=todaysheadlines&emc=edit_th_20120728) believes Apple execs are in talks to invest in Twitter – a social network that still loses money, despite more than 150m users.
Twitter was valued as $8.4 billion last year, and the sources reckon funding from Apple could drive the valuation past $10bn.
Observers suggest Apple needs to do more in social, noting that CEO Tim Cook recently said: "Apple doesn’t have to own a social network. But does Apple need to be social? Yes."
Of course, Apple does own a social network in the form of Ping.
However, the music-focused portal on iTunes has failed to make much of a dent in the domination of Facebook and Twitter.
http://www.mobile-ent.biz/news/read/apple-to-buy-twitter/018816
The New York Times (http://www.nytimes.com/2012/07/28/technology/apple-is-said-to-discuss-an-investment-in-twitter.html?_r=2&nl=todaysheadlines&emc=edit_th_20120728) believes Apple execs are in talks to invest in Twitter – a social network that still loses money, despite more than 150m users.
Twitter was valued as $8.4 billion last year, and the sources reckon funding from Apple could drive the valuation past $10bn.
Observers suggest Apple needs to do more in social, noting that CEO Tim Cook recently said: "Apple doesn’t have to own a social network. But does Apple need to be social? Yes."
Of course, Apple does own a social network in the form of Ping.
However, the music-focused portal on iTunes has failed to make much of a dent in the domination of Facebook and Twitter.
http://www.mobile-ent.biz/news/read/apple-to-buy-twitter/018816