Facebook, Google negotiate Twitter acquisitionFebruary 10, 2011 - 13:03 AMT PanARMENIAN.Net - Executives from Facebook, Google and other companies have held talks with Twitter over a possible acquisition of the micro-blogging service, pushing its estimated value as high as US$10 billion, according to a report in The Wall Street Journal. The figure is high for a company that only had revenue of $45 million last year, posted a loss, and estimates its revenue this year will be between $100 million to $110 million. Despite what appears to be a rich valuation, Twitter executives are reportedly not interested in selling. They believe they can build Twitter into a $100 billion company. That's one reason Twitter has been hiring engineers and other workers recently, in addition to a new executive team, including CEO Dick Costolo, formerly an executive at Google. The newspaper did not say whether any formal offer was imminent, IDG New Service reported. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |