What The ???

January 26th, 2009

They turned down $500 million from Facebook but they want someone else to pony up $250 million with no guarantee of any return on their investment and no plan for monetization.

Twitter, which just recently turned down a half billion dollar acquisition offer from Facebook (albeit to be paid mostly with Facebook stock), is dipping back into the venture capital market, we’ve heard from a source with knowledge of the deal. They’ve signed a term sheet with at least one venture fund to raise a new round at a $250 million valuation.

Hey. I can do that. I have a rock I can sell them, including term life insurance, for far less than $250 million too.

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Posted in Da 'Net

One Response to “What The ???”

Dana Blackhurst:

February 5, 2009 at 8:54 pm

Wow, if facebook would have acquired twitter they would be even more of a super power. I’m surprised facebook hasn’t purchased myspace yet, but does facebook really need to own other social networking entities when its number 1 in the world itself?

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