Twitter, the fast or VERY fast growing social network site which has roughly 55Mn monthly visits has now attracted the Biggies in the valley. Everyone just wants to be a part of the highly popular network. Google CEO Eric Schmidt wants a search deal with Google. And rumours suggest that Big M wants to buy it.
But that doesn’t seem to be the thought of the co-founders as yet. Twitter co-founder Biz Stone went on “The view” today and told the ladies there that twitter is NOT for sale . Yes thats what. ” WE ARE NOT FOR SALE.”
Even fellow cofounders Ev Williams and have expressed feelings about their preference to be independent at least for now.
What is Twitter?
A social Network would be the answer , but its too much Fun and u just end up reading and tweeting the moment u sign in.
Twitter has been ranked 3rd by Compete.com as the 3rd most used social networks. And knowing the worths of the first two (Facebook And MySpace) certainly gets the idea about how much would be the Sites worth. Even though Facebook and MySpace is far ahead and it might not be possible for Twitter to take even the second spot for now but a Neilson .com blog ranked Twitter as the fastest growing sites in the Member Communities category for Fevruary 2009. Twitter had a Mind Boggling growth rate of 1382%.
But still Twitter which by now has $57mn of VC money. It is Backed by Union Square Ventures, Digital Garage, Spark Capital, and Bezos Expeditions (led by Jeff Bezos of Amazon). On Feb 13 2009 it announced on it official blog that it has raised an additional $35Mn in a third round of funding. On being asked about how was he going to use the funds, Twitter CEO and Co-Founder, Williams said “We don’t know all the ways we’re going to use that money, hopefully we’ll keep a lot of it in the bank. If we never need a lot of it, that’s great, but in the climate we’re in we don’t want to assume too much, and we don’t want any short term concerns to distort the potential of our long term vision, and our investors and the boards and everybody is very on board for building a very long term viable company. We need to do that step by step, and we need to invest a lot to get there.”
So there when there is a good offer for it, the VCs are not going to allow the co-founders to have all the talk. And evrybody thinks that Twitter can now be handed of to a bigger Father, Maybe Microsoft, Google or even Yahoo.
We’ll have to wait and watch…!!
