Tags: Dick Costolo, facebook, Google, twitter, Zynga
Twitter’s chief executive, Dick Costolo, says talk of a $10bn (£6.2bn) acquisition of the messaging company by Google is “just a rumour” and that the site is already making money.
Speaking at the Mobile World Congress in Barcelona, Costolo asked whether Google could afford a $10bn acquisition – following rumours that this was the price being considered by the search engine firm for the messaging startup. “People write that stuff all the time … I don’t know where these things come from, it’s just a rumour.” He fell short of an outright denial, however.
Costolo also suggested that Twitter, which started operations in February 2006, will this year introduce a new method of making money, to add to its existing roster of promoted tweets, accounts and trends. However, he did not specify what that would be.
More on Guardian.co.uk
Facebook is expected to enable location sharing in its users’ News Feeds, a move that could automatically make the social network the dominant platform for location-based Web services. Twitter already has a geolocation feature that has been spotted in the wild. Meanwhile, social location upstart Foursquare will offer a free analytics tool and dashboard to give business owners information and statistics about visitors to their establishments. Google is also heavily invested in the future of location and social networking.
Twitter, a popular microblogging site, is continuing its phenomenal growth trajectory. The site, which was launched back in 2007, has seen rapid growth in the past months. Unlike other places where you need other metrics to measure growth, on Twitter, this is quite easy. The easiest way to check its growth is to track the number of tweets sent per day!
Tweeting is no longer only an earthly phenomenon.
More soon, send your ?s”
