BREAKING NEWS

Twitter valued at $10b. with Google, Facebook buyout talks

By JPOST.COM STAFF

FEBRUARY 10, 2011 11:38

Executives at Facebook and Google are quietly courting micro-blogging site Twitter, The Wall Street Journal reported on Thursday.

Although the talks have reportedly not made any progress, the two Internet giants' interest in purchasing the website has boosted Twitter's valuation to $10 billion, according to the report.

According to The Wall Street Journal, Twitter's 2010 revenue was $45 million, but lost money after hiring and data center investments. An analyst told the paper that the company's new valuation was no justifiable.

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