Saturday, 12 April 2014

Facebook tried to buy Twitter in 2008: report

facebook2_632498528


In February 19th to be precise, Founder of facebook posted on his facebook page. “I’m excited to announce that we’ve agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.

Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.

WhatsApp will complement our existing chat and messaging services to provide new tools for our community. Facebook Messenger is widely used for chatting with your Facebook friends, and WhatsApp for communicating with all of your contacts and small groups of people. Since WhatsApp and Messenger serve such different and important uses, we will continue investing in both and making them each great products for everyone.WhatsApp had every option in the world, so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.

I’ve also known Jan for a long time, and I know that we both share the vision of making the world more open and connected. I’m particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook’s future as well as WhatsApp’s.

Jan and the WhatsApp team have done some amazing work to connect almost half a billion people. I can’t wait for them to join Facebook and help us connect the rest of the world.

But the microblogging site Twitter turned down a 500 million dollar purchase offer from the social networking site Facebook in 2008, according to the Financial Times.

In an interview with the British business daily that was published, co-founder Biz Stone said Twitter wanted to become not just a popular site but a viable business, rather than be taken over by another company.

“We’ve created something that people are finding value in,” he said. “But we haven’t yet created a business out of this, and we really wanted to do that.”

According to the Financial Times, Facebook CEO and co-founder Mark Zuckerberg offered 500 million dollars in Facebook stock for Twitter.

But Stone said Facebook had nothing that Twitter’s three co-founders — Stone, Evan Williams and Jack Dorsey — wanted.

The daily added, without elaboration, that Twitter still isn’t turning a profit more than four years after it was created.

In mid-December, Twitter said it had received a major infusion of funds from a group of investors, which reportedly put a 3.7 billion dollar value on the site.

Created in 2006 to exchange messages of no more than 140 characters, Twitter had 175 million registered users as of November 1, and transmitted 25 billion “tweets” last year. About 95 million messages a day are sent over the site.

It has pursued rapid growth over profits, but since last spring, it has brought in advertising revenues through paid for “promoted tweets.”




Credit: ReportingNigeria

No comments:

Post a Comment