- Jan 24, 2011
- 9,378
Google and Facebook have been in acquisition talks with Twitter, according to a Wednesday report from the Wall Street Journal, and these chats value the micro-blogging site at an estimate $8-10 billion.
That, however, could be a very generous estimate, the Journal said. According to "people familiar with the matter," Twitter's 2010 revenue totaled roughly $45 million. But due to the cost of hiring new staff and adding more data centers, Twitter actually lost money. In 2011, the Journal said that Twitter expects to make roughly $100-110 million.
Source
That, however, could be a very generous estimate, the Journal said. According to "people familiar with the matter," Twitter's 2010 revenue totaled roughly $45 million. But due to the cost of hiring new staff and adding more data centers, Twitter actually lost money. In 2011, the Journal said that Twitter expects to make roughly $100-110 million.
Source
