Twitter turned down a $10 BILLION buyout offer from Google

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  • $5 submissions
    I help you SUCCEED
    • Nov 2003
    • 32195
    #1

    Twitter turned down a $10 BILLION buyout offer from Google

    Things that make you say WITW! Twitter turned down $10B from Google. I guess they are all excited about their 200M user base. Knowing twitter's attrition rate, this is more along the lines of 20M REAL and ACTIVE users. Sure, there's lots of active bots and also lots of people dropping out. Still... $10B turned down. Lots of tears came to VC eyes that day, I'm sure.

    Source: http://www.businessinsider.com/twitt...-report-2011-4

    Twitter has revenues in the tens of millions of dollars.

    Twitter's board is in disarray.

    Twitter has two part-timers leading its product team.

    $10 billion is a lot of money ? almost double the company's current valuation.

    Bizarre. If new Google CEO Larry Page comes calling with that kind of money again, Twitter's top management (mostly pros who did not found the thing) should say yes please, and get out of the way.

    Tags: None
    • will76
      Making $$$$ w/ ClickCash
      • May 2003
      • 18037
      #2
      Originally posted by $5 submissions
      Things that make you say WITW! Twitter turned down $10B from Google. I guess they are all excited about their 200M user base. Knowing twitter's attrition rate, this is more along the lines of 20M REAL and ACTIVE users. Sure, there's lots of active bots and also lots of people dropping out. Still... $10B turned down. Lots of tears came to VC eyes that day, I'm sure.

      Source: http://www.businessinsider.com/twitt...-report-2011-4
      How much does twitter actually make a year, profit ?
      ICQ: 86364801 Email: will [at] innovativeassets [dot] com

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        Comment

        • xsabn
          Confirmed User
          • Feb 2007
          • 2815
          #3
          nice offer

            Comment

            • GTS Mark
              Vrume Mark
              • Jan 2001
              • 20912
              #4
              It absoluely blows my mind how much money some of these companies are turning down.

                Comment

                • Brujah
                  Beer Money Baron
                  • Jan 2001
                  • 22157
                  #5
                  I turned down $11 billion for Twidiots.com

                    Comment

                    • $5 submissions
                      I help you SUCCEED
                      • Nov 2003
                      • 32195
                      #6
                      Originally posted by GTS Mark
                      It absoluely blows my mind how much money some of these companies are turning down.
                      Somebody should show Google this link: http://money.cnn.com/1999/01/28/technology/yahoo_a/

                        Comment

                        • MrMaxwell
                          Too lazy to set a custom title
                          • Jul 2005
                          • 10057
                          #7
                          Turning down 10b takes some heavy stones
                          Most people on here can't imagine how much that even is

                            Comment

                            • Rochard
                              Jägermeister Test Pilot
                              • Dec 2001
                              • 75733
                              #8
                              For ten billion... I'd by myself my own island and staff it with nothing but sexy eighteen year chick bartenders.
                              Herschel Savage
                              Brooklyn, NY

                                Comment

                                • slapass
                                  Too lazy to set a custom title
                                  • Nov 2002
                                  • 14625
                                  #9
                                  Originally posted by $5 submissions
                                  Somebody should show Google this link: http://money.cnn.com/1999/01/28/technology/yahoo_a/
                                  They used their inflated stock so it hurt less.

                                    Comment

                                    • will76
                                      Making $$$$ w/ ClickCash
                                      • May 2003
                                      • 18037
                                      #10
                                      Originally posted by MrMaxwell
                                      Turning down 10b takes some heavy stones
                                      Most people on here can't imagine how much that even is
                                      everyone on here can't image how much that is.
                                      ICQ: 86364801 Email: will [at] innovativeassets [dot] com

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                                        • L-Pink
                                          working on my tan
                                          • Mar 2005
                                          • 39151
                                          #11
                                          Originally posted by Brujah
                                          I turned down $11 billion for Twidiots.com
                                          That's a lot to offer for a one person social network

                                          .

                                            Comment

                                            • dave90210
                                              Registered User
                                              • Mar 2007
                                              • 1745
                                              #12
                                              They're retards take the money and run, just like the Myspace founder. Tumblr is going to kick Twitters ass and Twitter is going to be the next Myspace

                                                Comment

                                                • JustDaveXxx
                                                  I AM JUSTDAVE !
                                                  • Feb 2005
                                                  • 4111
                                                  #13
                                                  I would have taken the 10B and ran. Twitter has about ran its course.


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                                                    • blackmonsters
                                                      Making PHP work
                                                      • Nov 2002
                                                      • 20961
                                                      #14
                                                      If I was making $1 Billion a year, I would still take a $10 Billion buy out.

                                                      WTF!

                                                      Well..................maybe not.
                                                      After you make $1 Billion do you really need any more money??
                                                      Free Open Source Live Aggregated Cams Script (FOSLACS)

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                                                        • - LOL -
                                                          So Fucking Banned
                                                          • Sep 2010
                                                          • 396
                                                          #15
                                                          Originally posted by GTS Mark
                                                          It absoluely blows my mind how much money some of these companies are turning down.
                                                          i wonder who is more stupid, Twitter for turning down $10b or Google thinking it's worth that much

                                                            Comment

                                                            • V_RocKs
                                                              Damn Right I Kiss Ass!
                                                              • Nov 2003
                                                              • 32447
                                                              #16
                                                              I'd have sold... bought a major league team.

                                                                Comment

                                                                • marcop
                                                                  Confirmed User
                                                                  • Nov 2005
                                                                  • 4150
                                                                  #17
                                                                  Originally posted by - LOL -
                                                                  i wonder who is more stupid, Twitter for turning down $10b or Google thinking it's worth that much

                                                                    Comment

                                                                    • billywatson
                                                                      Confirmed User
                                                                      • Aug 2002
                                                                      • 3281
                                                                      #18
                                                                      I love Twitter -- not for the information I share, but for the information I receive...and I don't mean mindless tweets for porno girls. It's the most streamlined, filtered, and direct way I've ever experienced getting all the information I need about pretty much all the things that matter to me.

                                                                      The next mySpace? Twitter has run its course?

                                                                      I disagree.

                                                                      I Shoot Porn.

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                                                                        • will76
                                                                          Making $$$$ w/ ClickCash
                                                                          • May 2003
                                                                          • 18037
                                                                          #19
                                                                          Originally posted by V_RocKs
                                                                          I'd have sold... bought a major league team.
                                                                          you could have bought several. Which makes you wonder... Is google spending any of that money on offline ventures. I wonder why they haven't purchased a major league sports team or other shit like that. They could have likely renamed the stadium "google arena" or "facebook field" etc. Surprised they sticking to just online stuff with that much dough to throw around, unless if i have missed some of their offline purchases.
                                                                          ICQ: 86364801 Email: will [at] innovativeassets [dot] com

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                                                                            • WiredGuy
                                                                              Pounding Googlebot
                                                                              • Aug 2002
                                                                              • 34512
                                                                              #20
                                                                              Twitter has almost non-existant revenue (compared to their large user base), they're fools for turning down such an impressive offer.
                                                                              WG
                                                                              I play with Google.

                                                                                Comment

                                                                                • Horny Dude
                                                                                  Earn enough to buy coffee
                                                                                  • May 2002
                                                                                  • 4913
                                                                                  #21
                                                                                  Dam, Google is getting turned down all over the place. Didn't they just get turned down by the guy who owns Groupon? How does Twitter even make it's money?

                                                                                    Comment

                                                                                    • MaximX
                                                                                      Confirmed User
                                                                                      • May 2009
                                                                                      • 250
                                                                                      #22
                                                                                      Originally posted by Horny Dude
                                                                                      Dam, Google is getting turned down all over the place. Didn't they just get turned down by the guy who owns Groupon? How does Twitter even make it's money?
                                                                                      Yeah, I thought I heard something about Groupon turning down 25 billion. My girlfriend got some good deals on wine from groupon.

                                                                                        Comment

                                                                                        • 2MuchMark
                                                                                          Mark of 2Much.net
                                                                                          • Aug 2004
                                                                                          • 50971
                                                                                          #23
                                                                                          Stupid on both sides.

                                                                                          What kind of idiot turns down $10B for ANYTHING? As if he will live long enough to spend it? As if $10B is somehow "not enough". What an ass.

                                                                                            Comment

                                                                                            • Kelli58
                                                                                              Confirmed User
                                                                                              • Aug 2006
                                                                                              • 2253
                                                                                              #24
                                                                                              Twitter isn't exactly going broke here. Google and Microsoft each pay them $25 million a year for the privileged and indexing their tweets and that's only one of the many possible revenue streams they have.
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                                                                                                • kane
                                                                                                  Too lazy to set a custom title
                                                                                                  • Aug 2001
                                                                                                  • 20684
                                                                                                  #25
                                                                                                  Wow. I would have sold in a heartbeat. I have to assume this will eventually come back to bite them. Unless they have something in the works to hugely improve the service I don't see it getting a hell of a lot bigger than it already is so you would assume the value can't go up much from there.

                                                                                                    Comment

                                                                                                    • Nathan
                                                                                                      Confirmed User
                                                                                                      • Jul 2003
                                                                                                      • 3108
                                                                                                      #26
                                                                                                      Getting an offer from Google is a good sign to be able to IPO on their own.

                                                                                                      Also, Twitter is the only social network that has managed to integrate advertising inside its social fabric. Not a single other social site has managed to do so.
                                                                                                      "Think about it a little more and you'll agree with me, because you're smart and I'm right."
                                                                                                      - Charlie Munger

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                                                                                                        • bbobby86
                                                                                                          partners.sexier.com
                                                                                                          • Jan 2007
                                                                                                          • 11926
                                                                                                          #27
                                                                                                          how they can turn down this offer...?

                                                                                                            Comment

                                                                                                            • rowan
                                                                                                              Too lazy to set a custom title
                                                                                                              • Mar 2002
                                                                                                              • 17393
                                                                                                              #28
                                                                                                              Many of you are talking about $10B being a mind blowing number. For an individual to have that amount in cash hit their bank account, yes it is, but we're talking about a company with multiple founders and investors who all have a claim to that $, not to mention the lawyers fees, potential losses in value or SEC issues if part of the payment is in stock, etc. So it's not just one lucky guy living in his mother's basement waiting for a big payday.

                                                                                                                Comment

                                                                                                                • DamianJ
                                                                                                                  Too lazy to set a custom title
                                                                                                                  • Jul 2006
                                                                                                                  • 15808
                                                                                                                  #29
                                                                                                                  Originally posted by JustDaveXxx
                                                                                                                  I would have taken the 10B and ran. Twitter has about ran its course.
                                                                                                                  The future = live search plus social graph. ie, I want a dentist. I search, I see 17 of my pals ALL recommend and use one dentist. I would, of course, go to the dentist recommended by my social graph.

                                                                                                                  Twitter hasn't started yet, imho.

                                                                                                                    Comment

                                                                                                                    • k0nr4d
                                                                                                                      Confirmed User
                                                                                                                      • Aug 2006
                                                                                                                      • 9231
                                                                                                                      #30
                                                                                                                      Originally posted by Rochard
                                                                                                                      For ten billion... I'd by myself my own island and staff it with nothing but sexy eighteen year chick bartenders.
                                                                                                                      That woudl get expensive, you'd have to replace them all once a year
                                                                                                                      Mechanical Bunny Media
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                                                                                                                        • HomerSimpson
                                                                                                                          Too lazy to set a custom title
                                                                                                                          • Sep 2005
                                                                                                                          • 13826
                                                                                                                          #31
                                                                                                                          suckers...
                                                                                                                          I would take the money and run...
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                                                                                                                            • nico-t
                                                                                                                              emperor of my world
                                                                                                                              • Aug 2004
                                                                                                                              • 29903
                                                                                                                              #32
                                                                                                                              wow, what a bunch of retards....

                                                                                                                                Comment

                                                                                                                                • Relentless
                                                                                                                                  www.EngineFood.com
                                                                                                                                  • Aug 2006
                                                                                                                                  • 5697
                                                                                                                                  #33
                                                                                                                                  10B at 3% tax free is 300M every year net for all of eternity. 900K per day forever.
                                                                                                                                  That has to be hard to say no....


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                                                                                                                                    • $5 submissions
                                                                                                                                      I help you SUCCEED
                                                                                                                                      • Nov 2003
                                                                                                                                      • 32195
                                                                                                                                      #34
                                                                                                                                      Originally posted by DamianJ
                                                                                                                                      Twitter hasn't started yet, imho.
                                                                                                                                      Exactly. The social graph is changing everything... even search. Crowdsourcing plus social graph plus bounce rate = the new SEO. Can still be faked but will be harder...

                                                                                                                                        Comment

                                                                                                                                        • cherrylula
                                                                                                                                          lol
                                                                                                                                          • Jan 2002
                                                                                                                                          • 15969
                                                                                                                                          #35
                                                                                                                                          Originally posted by Nathan
                                                                                                                                          Getting an offer from Google is a good sign to be able to IPO on their own.

                                                                                                                                          Also, Twitter is the only social network that has managed to integrate advertising inside its social fabric. Not a single other social site has managed to do so.
                                                                                                                                          Twitter is amazing.

                                                                                                                                          Good for them. Why does Google have to own everything? I'm glad they didn't sell. The Googlization of the net needs to end at some point...

                                                                                                                                            Comment

                                                                                                                                            • cherrylula
                                                                                                                                              lol
                                                                                                                                              • Jan 2002
                                                                                                                                              • 15969
                                                                                                                                              #36
                                                                                                                                              Originally posted by $5 submissions
                                                                                                                                              Exactly. The social graph is changing everything... even search. Crowdsourcing plus social graph plus bounce rate = the new SEO. Can still be faked but will be harder...
                                                                                                                                              I love it. Retards will be left behind.

                                                                                                                                              (and I'm not talking about people with disability checks)

                                                                                                                                                Comment

                                                                                                                                                • qwe
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Jul 2003
                                                                                                                                                  • 2109
                                                                                                                                                  #37
                                                                                                                                                  gatta love "i would take money and run" comments lol... it's a company not 10 people splitting billions

                                                                                                                                                    Comment

                                                                                                                                                    • $5 submissions
                                                                                                                                                      I help you SUCCEED
                                                                                                                                                      • Nov 2003
                                                                                                                                                      • 32195
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by qwe
                                                                                                                                                      gatta love "i would take money and run" comments lol... it's a company not 10 people splitting billions
                                                                                                                                                      More like VCs that actually hold the purse strings. Gotta hand it to the guys who run Twitter--it took lots of balls standing up to VC backers. Next agenda: IPO. For all we know, this hearsay just might be a run up to valuation rounds at investment banks underwriting this bad boy. Regardless of how you look at it, only 2 words come to mind: PIMP PIMP

                                                                                                                                                        Comment

                                                                                                                                                        • $5 submissions
                                                                                                                                                          I help you SUCCEED
                                                                                                                                                          • Nov 2003
                                                                                                                                                          • 32195
                                                                                                                                                          #39
                                                                                                                                                          Someone mentioned Tumblr earlier. Please expand on it

                                                                                                                                                            Comment

                                                                                                                                                            • kane
                                                                                                                                                              Too lazy to set a custom title
                                                                                                                                                              • Aug 2001
                                                                                                                                                              • 20684
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by qwe
                                                                                                                                                              gatta love "i would take money and run" comments lol... it's a company not 10 people splitting billions
                                                                                                                                                              Sure, there are a lot of people who would get a piece of the pie, but lets just say you were one of those people and you only got 10%. That is $100 million dollars. That is still a lot of money to gamble because there is no way to know that you will ever get a better offer or that you will ever make enough profits from the site to make that much money.

                                                                                                                                                              Takes a lot of either courage and belief in ones self or arrogance and blind faith to turn that down.

                                                                                                                                                                Comment

                                                                                                                                                                • qwe
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Jul 2003
                                                                                                                                                                  • 2109
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by kane
                                                                                                                                                                  Sure, there are a lot of people who would get a piece of the pie, but lets just say you were one of those people and you only got 10%. That is $100 million dollars. That is still a lot of money to gamble because there is no way to know that you will ever get a better offer or that you will ever make enough profits from the site to make that much money.

                                                                                                                                                                  Takes a lot of either courage and belief in ones self or arrogance and blind faith to turn that down.
                                                                                                                                                                  what if they IPO it and company will be worth 50billion ont he market? besides they all rich already anyways

                                                                                                                                                                    Comment

                                                                                                                                                                    • Agent 488
                                                                                                                                                                      Registered User
                                                                                                                                                                      • Feb 2006
                                                                                                                                                                      • 22511
                                                                                                                                                                      #42
                                                                                                                                                                      lots of action on tumblr for certain niches and communities.

                                                                                                                                                                      massive erotic photo community there, very active and passionate, generally untapped as the adult internet can only conceive of things on a paysite model basis.

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                                                                                                                                                                        • will76
                                                                                                                                                                          Making $$$$ w/ ClickCash
                                                                                                                                                                          • May 2003
                                                                                                                                                                          • 18037
                                                                                                                                                                          #43
                                                                                                                                                                          Did anyone post how much twitter actually makes a year?
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                                                                                                                                                                            • NetHorse
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Dec 2006
                                                                                                                                                                              • 3526
                                                                                                                                                                              #44
                                                                                                                                                                              I'm calling bullshit on this, a rumor perhaps intentionally started to give the illusion that Twitter is more valuable than most assumed.

                                                                                                                                                                              $10 billion dollars? No fucking way. Bullshit that Google would make that kind of offer in the first place, and even bigger bullshit an offer like that would get turned down.
                                                                                                                                                                              Last edited by NetHorse; 04-18-2011, 08:59 PM.
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                                                                                                                                                                                • baddog
                                                                                                                                                                                  So Fucking Banned
                                                                                                                                                                                  • Apr 2001
                                                                                                                                                                                  • 107089
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by Nathan
                                                                                                                                                                                  Getting an offer from Google is a good sign to be able to IPO on their own.
                                                                                                                                                                                  Getting that offer probably convinced them they could make more holding onto it. You would never see me again if I was given an offer like that.

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • Mutt
                                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                                      • Sep 2002
                                                                                                                                                                                      • 34431
                                                                                                                                                                                      #46
                                                                                                                                                                                      you only have to look at the ghost town of myspace to make you shake your head at any social media site turning down a $10B offer. Groupon did the same.

                                                                                                                                                                                      groupon's a piece of crap - fad. of course i wish that piece of crap was my idea
                                                                                                                                                                                      I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

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                                                                                                                                                                                        • Porno Dan
                                                                                                                                                                                          Court Jester
                                                                                                                                                                                          • May 2003
                                                                                                                                                                                          • 6342
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by JustDaveXxx
                                                                                                                                                                                          I would have taken the 10B and ran. Twitter has about ran its course.
                                                                                                                                                                                          I too would have taken the money, but Twitter has far from run its' course.

                                                                                                                                                                                          I was in Europe last week and it is just starting to catch on like wildfire over there.

                                                                                                                                                                                          It has become an information sharing source that has no equal.

                                                                                                                                                                                          Politicians, News Agencies, Professional Sports Teams etc.. all actively promote their twitter pages.

                                                                                                                                                                                          I have a feeling it is just going to keep growing and will reach 100 million users worldwide.
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                                                                                                                                                                                            • Barry-xlovecam
                                                                                                                                                                                              It's 42
                                                                                                                                                                                              • Jun 2010
                                                                                                                                                                                              • 18083
                                                                                                                                                                                              #48
                                                                                                                                                                                              $10 Billion, if true, is a lot of money — what is twitter's net worth any idea?

                                                                                                                                                                                                Comment

                                                                                                                                                                                                • halfpint
                                                                                                                                                                                                  GFY's Halfpint
                                                                                                                                                                                                  • Jun 2007
                                                                                                                                                                                                  • 15223
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  heres an intresting read on what they have done or not

                                                                                                                                                                                                  http://www.guardian.co.uk/media/pda/...r-making-money

                                                                                                                                                                                                  Premium accounts

                                                                                                                                                                                                  What they said: Twitter co-founder Biz Stone said in August that the company would charge users for "premium accounts". In November, Stone said the plans were well on their way and that a pay-for-package offering that would include verified streams and analytics would launch by the end of the year.

                                                                                                                                                                                                  What they've done: The company has not started charging for premium accounts. However, it has rolled out free business-friendly features like "contributors," which helps differentiate between multiple users of a single Twitter account.

                                                                                                                                                                                                  Mobile deals

                                                                                                                                                                                                  What they said: At our own EconSM conference, Kevin Thau, Twitter's director of mobile business development, said the company would make money from handset deals and also by getting some sort of cut of the carriers' data business.

                                                                                                                                                                                                  What they've done: Twitter has dozens of relationships with carriers—financial details of which are unknown. The company did, however, link up with Peek in November to launch a $99 device designed for the frequent Tweeter.
                                                                                                                                                                                                  Search

                                                                                                                                                                                                  What they said: Thau also said at our conference that Twitter would monetise search "in some way".

                                                                                                                                                                                                  What they've done: Twitter has since licensed its stream of Tweets to Microsoft, Google and Yahoo – which are all using the data to add real-time results from Twitter to their search engines. The Microsoft and Google deals alone are believed to be worth as much as $25m.


                                                                                                                                                                                                  more on the link above
                                                                                                                                                                                                  Last edited by halfpint; 04-18-2011, 10:52 PM.

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                                                                                                                                                                                                    • MrMaxwell
                                                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                                                      • Jul 2005
                                                                                                                                                                                                      • 10057
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      Originally posted by will76
                                                                                                                                                                                                      everyone on here can't image how much that is.
                                                                                                                                                                                                      Good post

                                                                                                                                                                                                        Comment

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