Twitter might soon be acquired by Google, went last week's rumors. But Twitter co-founder Biz Stone has said in a blog posting that, while Twitter is indeed in "discussions with other companies," the emphasis for the moment is on building an independent company. Twitter, Facebook and other social networking sites have been in a hot cycle of acquisitions and buyouts.
Twitter co-founder Biz Stone hinted in a corporate blog posting that his
company had indeed been talking to Google
about a possible acquisition.
"It should come as no surprise that Twitter engages in discussions with
other companies regularly and on a variety of subjects," Stone said in an
April 3 posting on the official Twitter blog. However, he added, "our goal
is to build a profitable, independent company and we're just getting
The blog posting, titled "Sometimes We Talk," was written in
response to rumors that the search engine giant was in negotiations to snatch
up the microblogging site, which allows users to post "tweets" of up
to 140 characters on their page.
acquisition rumors started on April 3
after Michael Arrington on the Website
TechCrunch wrote that "two separate people close to the negotiations"
had told him that Google was nearing a deal. Twitter had previously declined a
2008 takeover bid by Facebook.
Other sites, including BoomTown, dismissed those rumors.
Such an acquisition would likely provide substantial benefits to Google, if
only because it would deny
Microsoft and Yahoo the microblogger as an asset.
"Microblogging is becoming an accepted new channel of online
communications in addition to e-mail and instant messaging, and it is here to
stay," Karsten Weide, an analyst with IDC,
said in an April 3 interview with eWEEK. "Does [a Twitter acquisition]
make sense for Google? They don't really need more audience reach than they
already have. But they might need to keep that audience reach out of others'
In search of profitability, Twitter has undertaken several initiatives,
including the introduction of sponsored sites such as the
, which collects major executives'
"tweets" for a general audience. It also plans on launching
paid commercial accounts
later in 2009.
Stone also noted that Twitter now has 30 employees in San
Francisco and plans on expanding. "By the
way," he added, "we're hiring talented people if you want to join us."