No matter what you might have called it, it's worth noting the reports around this week that Twitter turned down a $500 million dollar takeover offer from Facebook. According to All Things Digital's Kara Swisher, the talks broke down for several reasons, including both price and a desire on the part of Twitter investors to build its own revenue streams. Over at the Silicon Alley Insider, Henry Blodget thinks a lot of it involved the over-valuation of Facebook stock.
Whatever the reason, I don't think we've heard the last of this. There's a fair amount of overlap in what the two services do, in terms of providing "status reports" on (and for) their users, and the overlap happens in ways that could make it easy and natural for users to get the best of both services. Both are looking for new revenue streams - hey, Twitter is looking for ANY revenue streams - so I suspect the talks will be resumed at some point. Stay tuned. But I wouldn't bet on "Twitbook" being the name...


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