According to BoomTown, Facebook and Twitter were hot and heavy about putting a together a deal that would have seen the world’s leading social network acquire the world’s leading microblogging service for $500-million.
The deal, however, fell part because Facebook wanted to finance the deal with stock, and who knows how much stock is worth these days given the volatility and unpredictability of the global capital markets.
That said, I’m glad the deal didn’t happen.
Why?
Well, Facebook and Twitter strike me as two completely different types of animals. If Facebook had acquired Twitter, there will be no doubt in my mind that Twitter would change somehow.
Perhaps it’s the sense that Twitter is this stand-alone entity that has gone from zero to 60 almost overnight, and captivated millions of people in the process. And I would hazard to guess many of the people using Twitter aren’t ardent Facebook users.
But if Facebook did acquire Twitter, you can be sure that it would only be a matter of time before Twitter was “integrated” in Facebook.
If Twitter doesn’t feel any pressure to roll out a business model any time soon, why should it feel any pressure to sell itself. Of course, if the right deal comes along, they should go for it but Facebook doesn’t strike me as the right partner.
More: TechCrunch notes that Marc Andreessen has its hand in both post, being an investor in Twitter and a member of Facebook’s board. As well, Profy has a post that suggests Twitter’s now officially in play so it will be interesting to see other offers that emerge.
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Good News: Facebook’s Deal for Twitter Fails
According to BoomTown, Facebook and Twitter were hot and heavy about putting a together a deal that would have seen the world’s leading social network acquire the world’s leading microblogging service for $500-million.
The deal, however, fell part because Facebook wanted to finance the deal with stock, and who knows how much stock is worth these days given the volatility and unpredictability of the global capital markets.
That said, I’m glad the deal didn’t happen.
Why?
Well, Facebook and Twitter strike me as two completely different types of animals. If Facebook had acquired Twitter, there will be no doubt in my mind that Twitter would change somehow.
Perhaps it’s the sense that Twitter is this stand-alone entity that has gone from zero to 60 almost overnight, and captivated millions of people in the process. And I would hazard to guess many of the people using Twitter aren’t ardent Facebook users.
But if Facebook did acquire Twitter, you can be sure that it would only be a matter of time before Twitter was “integrated” in Facebook.
If Twitter doesn’t feel any pressure to roll out a business model any time soon, why should it feel any pressure to sell itself. Of course, if the right deal comes along, they should go for it but Facebook doesn’t strike me as the right partner.
More: TechCrunch notes that Marc Andreessen has its hand in both post, being an investor in Twitter and a member of Facebook’s board. As well, Profy has a post that suggests Twitter’s now officially in play so it will be interesting to see other offers that emerge.
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