According to The Wall Street Journal, Twitter is currently having low level talks with Facebook and Google over the past month about both giants to acquire the micro-blogging giant Twitter.
The source which revealed to The Wall Street Journal said Twitter’s revenue of $45million last year, and valued Twitter between $8 and $10-billion, but added that the talks have “gone nowhere”.
The WSJ pointed out that a $10billion evaluation for Twitter is 200-times more than its last year’s revenue. Not only that but it is 100-times more than its estimated revenue of $100million-$110million for this year.
According to IT Portal, Twitter is only used by 12-percent of internet users so $10-billion would seem an extremely high as an evaluation.
Twitter’s management told people in the company that the company was not for sale.
-Via IT Portal
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