Things that make you say WITW! Twitter turned down $10B from Google. I guess they are all excited about their 200M user base. Knowing twitter's attrition rate, this is more along the lines of 20M REAL and ACTIVE users. Sure, there's lots of active bots and also lots of people dropping out. Still... $10B turned down. Lots of tears came to VC eyes that day, I'm sure.
Source:
http://www.businessinsider.com/twitt...-report-2011-4
Quote:
Twitter has revenues in the tens of millions of dollars.
Twitter's board is in disarray.
Twitter has two part-timers leading its product team.
$10 billion is a lot of money ? almost double the company's current valuation.
Bizarre. If new Google CEO Larry Page comes calling with that kind of money again, Twitter's top management (mostly pros who did not found the thing) should say yes please, and get out of the way.
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