Twitter turned down a $10 BILLION buyout offer from Google
 

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

How much does twitter actually make a year, profit ?

nice offer :)

It absoluely blows my mind how much money some of these companies are turning down. :(

I turned down $11 billion for Twidiots.com

Somebody should show Google this link: http://money.cnn.com/1999/01/28/technology/yahoo_a/

Turning down 10b takes some heavy stones
Most people on here can't imagine how much that even is

For ten billion... I'd by myself my own island and staff it with nothing but sexy eighteen year chick bartenders.

They used their inflated stock so it hurt less.

everyone on here can't image how much that is.

That's a lot to offer for a one person social network :winkwink:

.

They're retards take the money and run, just like the Myspace founder. Tumblr is going to kick Twitters ass and Twitter is going to be the next Myspace

I would have taken the 10B and ran. Twitter has about ran its course.

If I was making $1 Billion a year, I would still take a $10 Billion buy out.

WTF!

Well..................maybe not.
After you make $1 Billion do you really need any more money?? :1orglaugh

i wonder who is more stupid, Twitter for turning down $10b or Google thinking it's worth that much

I'd have sold... bought a major league team.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

I love Twitter -- not for the information I share, but for the information I receive...and I don't mean mindless tweets for porno girls. It's the most streamlined, filtered, and direct way I've ever experienced getting all the information I need about pretty much all the things that matter to me.

The next mySpace? Twitter has run its course?

I disagree.

you could have bought several. Which makes you wonder... Is google spending any of that money on offline ventures. I wonder why they haven't purchased a major league sports team or other shit like that. They could have likely renamed the stadium "google arena" or "facebook field" etc. Surprised they sticking to just online stuff with that much dough to throw around, unless if i have missed some of their offline purchases.

Twitter has almost non-existant revenue (compared to their large user base), they're fools for turning down such an impressive offer.
WG

Dam, Google is getting turned down all over the place. Didn't they just get turned down by the guy who owns Groupon? How does Twitter even make it's money?

Yeah, I thought I heard something about Groupon turning down 25 billion. My girlfriend got some good deals on wine from groupon.

Stupid on both sides.

What kind of idiot turns down $10B for ANYTHING? As if he will live long enough to spend it? As if $10B is somehow "not enough". What an ass.

Twitter isn't exactly going broke here. Google and Microsoft each pay them $25 million a year for the privileged and indexing their tweets and that's only one of the many possible revenue streams they have.

Wow. I would have sold in a heartbeat. I have to assume this will eventually come back to bite them. Unless they have something in the works to hugely improve the service I don't see it getting a hell of a lot bigger than it already is so you would assume the value can't go up much from there.

Getting an offer from Google is a good sign to be able to IPO on their own.

Also, Twitter is the only social network that has managed to integrate advertising inside its social fabric. Not a single other social site has managed to do so.

how they can turn down this offer...?

Many of you are talking about $10B being a mind blowing number. For an individual to have that amount in cash hit their bank account, yes it is, but we're talking about a company with multiple founders and investors who all have a claim to that $, not to mention the lawyers fees, potential losses in value or SEC issues if part of the payment is in stock, etc. So it's not just one lucky guy living in his mother's basement waiting for a big payday. :Graucho

The future = live search plus social graph. ie, I want a dentist. I search, I see 17 of my pals ALL recommend and use one dentist. I would, of course, go to the dentist recommended by my social graph.

Twitter hasn't started yet, imho.

That woudl get expensive, you'd have to replace them all once a year

suckers...
I would take the money and run...

wow, what a bunch of retards....

10B at 3% tax free is 300M every year net for all of eternity. 900K per day forever.
That has to be hard to say no....

Exactly. The social graph is changing everything... even search. Crowdsourcing plus social graph plus bounce rate = the new SEO. Can still be faked but will be harder...

Twitter is amazing.

Good for them. Why does Google have to own everything? I'm glad they didn't sell. The Googlization of the net needs to end at some point...

I love it. Retards will be left behind. :1orglaugh

(and I'm not talking about people with disability checks)

gatta love "i would take money and run" comments lol... it's a company not 10 people splitting billions

More like VCs that actually hold the purse strings. Gotta hand it to the guys who run Twitter--it took lots of balls standing up to VC backers. Next agenda: IPO. For all we know, this hearsay just might be a run up to valuation rounds at investment banks underwriting this bad boy. Regardless of how you look at it, only 2 words come to mind: PIMP PIMP :1orglaugh:1orglaugh:1orglaugh

Someone mentioned Tumblr earlier. Please expand on it :)

Sure, there are a lot of people who would get a piece of the pie, but lets just say you were one of those people and you only got 10%. That is $100 million dollars. That is still a lot of money to gamble because there is no way to know that you will ever get a better offer or that you will ever make enough profits from the site to make that much money.

Takes a lot of either courage and belief in ones self or arrogance and blind faith to turn that down.