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.
Since Twitter launched in 2006, the company has grown significantly. It has 200 million registered users, a staff of nearly 350 people and the company is searching for a new office near San Francisco. Since the launch of Twitter, both Google and Facebook launched services to compete with the microblog. Google launched Buzz, which hasn't caught on, and Facebook launched status updates, or the "What's On Your Mind" service which has caught on. If Google acquires Twitter, they're more likely to invest in the company and grow it. However, since Facebook already does what the microblog does and more, it seems to me they'd be more likely to swat Twitter like an annoying little fly. We'll just have to wait and see.
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