Twitter up for $10 billion in buyout battle between Google and Facebook

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on February 10, 2011 Comments (9)

Twitter is up for sale and it's a $10billion battle between Google and Facebook to buy out the social networking site.

Both companies are in talks with Twitter and the suggested offers on the table vary between $6 and 10bn. Observers claim that is far in excess of its earning potential - it made a revenue of $45million last year for example.

Twitter has been hugely popular and created a great social service, but has failed to monetise and suffered from a lack of vision at the top.

[via WSJ]

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