Monday, July 30, 2012

Apple Considers Purchase of Twitter


There is no doubt about Apple's consideration in Twitter since the company has failed to enter into the social media realm. Reports started surfacing on Friday about Apple's interest in Twitter for 10 Billion dollars. Twitter was previously valued at just over 6 Million dollars. Twitter is also expected to generate over 300 Million in advertising revenue this year. (Before or After the Olympics?) Apple's interest is their attempt to integrate a highly popular social media site into its handsets such as iPhone and iPad. Twitter recently has been closing off API ties with other major social media sites like Instagram and LinkedIN.

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