Internet giants Google and Facebook have been reported to be in talks for acquiring Twitter. Reports indicate the the microblog is estimated at $8-10 billion. However, reports also indicate that in 2010, Twitter's revenue was only about $45 million and due to the cost of hiring more staff and getting more data centers, Twitter actually lost money. They are projected to make $10-11 million in 2011.

Going once, going twice…

Publish date: February 12, 2011 11:36 am| Modified date: December 18, 2013 7:19 pm

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