Apple to buy Twitter?

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July 30th, 2012, 16:55 Posted By: wraggster

Speculation grows – and could push the mini-blog's value past $10bn.
The New York Times believes Apple execs are in talks to invest in Twitter – a social network that still loses money, despite more than 150m users.
Twitter was valued as $8.4 billion last year, and the sources reckon funding from Apple could drive the valuation past $10bn.
Observers suggest Apple needs to do more in social, noting that CEO Tim Cook recently said: "Apple doesn’t have to own a social network. But does Apple need to be social? Yes."
Of course, Apple does own a social network in the form of Ping.
However, the music-focused portal on iTunes has failed to make much of a dent in the domination of Facebook and Twitter.

http://www.mobile-ent.biz/news/read/...twitter/018816

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