According to a New York Times brief on Friday, Apple
Inc.(NASDAQ:AAPL) is considering the possibility of investing a considerable
sum in Twitter, in order to magnify their presence in the social media.
Previously, Apple had not tested the waters of the social media, which is
dominated by Facebook. However, they had discussed an investment that would put
the value of the microblogging service at 10 billion dollars.
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There has been no response from Apple as of yet and
even Twitter has maintained a silence when asked about the deal. New York Times
predicts that the “no-comment” tactic indicates close negotiations between both
parties. Apple, used to buy startups and smaller firms for the purpose of
acquiring technologies, but on Friday, it paid a whopping 356 million dollars
to buy mobile security specialist AuthenTec.
Twitter, as most of us are already familiar with, is
a social networking platform that has about 140 million users all over the
world is being prepped up to be incorporated into Apple products like
smartphones and tablets. Users will soon be able to access the site easily from
mobile devices with enhanced functionalities.
The newspaper did not state any reason why one of
the leading technology corporations in the world, would want to get a piece of
the social networking pie, when it is more popular for designing and developing
hardware.
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Twitter executives however, are ‘tweeting” a
different story. They have clearly stated on multiple occasions that they are
not in any rush to get additional funds from both private and public markets as
they are extremely sound when it comes to finances as of now. This company was
once a favorable name as an IPO but it is now desperately trying to wean some
cash off the huge amount of traffic that it gets on a daily basis.
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