Apparently, both Google and Facebook are holding talks with Twitter with regards to its sale. Twitter, the very famous microblogging site which started in 2006 had actually grown phenomenally in its initial years. It is estimated that Twitter would quote a price of 8-10 billion dollars. Estimates are that Twitter only managed to make 45 million dollars in the year 2010. Also, Twitter has hired more employees and acquired new data centers. Due to this, Twitter has supposedly lost a fair amount of money. It is also being estimated that the turnovers of twitter in 2011 are only going to be 11 million dollars utmost.
Now, if Facebook were to acquire Twitter, it is most likely that the only genuine competitor that it ever had up to now would be gone with a swift blow. If Google were to acquire it, it would certainly look to expand Twitter, as they have failed miserably with Buzz.
Let’s wait and see which giant gets the cherry!