Facebook Nearly Added Twitter To Friends List 124
nandemoari writes "It seems the world's most popular social networking site was just moments away from acquiring another — and few of us ever knew about it. A Facebook executive has revealed that a planned takeover of Twitter only fell apart because of a disagreement over stock valuations.
Despite the rather miserable economy, Facebook is still looking to buy out other firms and says it could make a billion dollars a year from advertising.
Peter Thiel, a venture capitalist who put up some of the money behind Facebook, discussed the deal in a Business Week interview.
Thiel says the two sides agreed a $500 million purchase price and that Twitter would receive the payment in Facebook stock rather than cash — which is a common solution in large takeovers where there simply isn't the money available for a buyout."
Re:Websites come and go (Score:5, Funny)
You have? Why don't you post them here too then? ;)
Re:Websites come and go (Score:1, Funny)
So, what's it like to work in a brothel for the elderly?
Re:Facebook are a bit too much talk, not enough wa (Score:3, Funny)
Re:Facebook are a bit too much talk, not enough wa (Score:3, Funny)
It doesn't matter; bridges traditionally aren't built with doors. Having a troll living under them makes them inherently secure.
Re:Facebook are a bit too much talk, not enough wa (Score:3, Funny)
Don't forget using Twit data mining to determine facility usage [penny-arcade.com]!
Re:Facebook are a bit too much talk, not enough wa (Score:1, Funny)
I thought the messages were twits, and the users were twats.