Facebook or Google to buy Twitter?

Twitter has been holding preliminary talks with potential buyers, including Facebook and Google, to take on its loss-making social-messaging service.

Although talks are reportedly at a very early stage, they have revealed that the website is valued somewhere between $8-10 billion, a big jump from its previous valuation of $3.7 billion last year.

Investors are seemingly seeing another boom in online companies. This week, AOL bought US news website the Huffington Post for $315 million, and other online ventures are considering their public offering futures.

It’s not the first time Facebook founder Mark Zuckerberg has shown an interest in purchasing Twitter. In 2008, Zuckerberg reportedly offered $500 million in Facebook stock for the website.

(Source: MediaGuardian)

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“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

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