Sorry Apple, Biz Stone says Twitter's not for sale
Making a TV appearance today, Twitter co-founder tries to dispel buyout rumors
Computerworld - Twitter Inc. co-founder Biz Stone said today the company is not for sale despite reports that Apple Inc. is in late-stage negotiations to buy the microblogging site.
Stone and co-founder Evan Williams were making an appearance on the morning talk show The View when host Barbara Walters asked about the recent flood of rumors that the likes of Apple, Microsoft Corp. and Google Inc. all are vying to buy Twitter. Stone said, "No. We are not for sale."
Echoing his previous statements about sale rumors, Stone added that right now, Twitter is focused on developing new features on its Web site and on remaining independent.
Stone's comments come just a day after rumors flared on the blogosphere that Apple was laying down a $700 million offer for Twitter. This latest round of speculation comes on the heels of last fall's failed bid by Facebook Inc. to scoop up Twitter, which was followed by rumors that had both Google and Microsoft both casting an eye on the microblogging site.
Blog site Gawker.com reported on Tuesday that an unnamed source, who reportedly has been recruited for a senior-level position at Apple, said the company is in "serious negotiations" with Twitter. The story noted that Apple is trying to hash out a deal quickly so an announcement could be made on June 8, during Apple's annual Worldwide Developers Conference.
Meanwhile, TechCrunch also reported that a "normally reliable source" said that Apple is in late-stage negotiations to buy Twitter. However, that story also noted that other sources said they have no knowledge of any talks between the two.
Dan Olds, an analyst at Gabriel Consulting Group Inc., said yesterday that if the rumors about Apple's interest are true, it could make for an interesting combination.
"Apple has the right 'attitude' to run something like Twitter, plus the ability to monetize it with advertising," Olds said. "I can see where Twitter might fit quite nicely into the Apple empire. It would give Apple a strong entry into the social networking market and also a very solid advertising vehicle."
Read more about Web Apps in Computerworld's Web Apps Topic Center.
- Silicon Valley's 19 Coolest Places to Work
- Is Windows 8 Development Worth the Trouble?
- 8 Books Every IT Leader Should Read This Year
- 10 Hot Hadoop Startups to Watch
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- Six Ways Your Small Business Can Save with Internet Phone Service Traditional phone systems present two main problems for businesses: limited features and high costs. As a result, small businesses are migrating to Internet...
- Face Time Anytime Real-time communications facilitates team collaboration from nearly anywhere in the world. With facts and figures you can use to justify an investment
- Now is the time to implement a video conference solution Video conferencing is getting a lot of buzz lately due to the recent cost decrease, making it tangible for many law firms. It's...
- Video drives engagement Achieving maximum results means building a solid platform and network infrastructure. As digital age unfolds, it's clear that the ability to communicate effectively...
- Top 4 Digital Signage Fails Join RMG Networks for a look at four of the most common reasons digital signage fails in corporate businesses. Learn about strategies to...
- Building Tomorrow's Infrastructure Listen to this podcast to discover how Crider Foods worked with PC Connection to update their IT infrastructure, while maintaining compliance and control. All Web Apps White Papers | Webcasts