Google might acquire Twitter soon

September 24, 2016

Some sources from Google claim that they are engaged in conversations with Twitter. The news is not officially announced yet, but even if it’s a rumor, it was enough to get the investors excited. Right after the news broke, the share price of the Twitter has rocketed 20% and it is climbing every minute.

According to CNBC, Twitter has received expressions of interest, but both companies haven’t announced anything about the situation yet, although the investors are waiting for something soon.

In fact, the technology giant, Google, has tried to innovate in the social media space but failed numerous times. The Google+ a.k.a. Google Plus, which is the social media network of Google, didn’t do well. According to experts, the service was Google’s fourth foray into social media networking after Google Buzz, Google Friend Connect, and Orkut.

googlebuystwitter

According to CNBC, Google is not the only company which is interested in Twitter. There are other possible buyers like Salesforce. Google and other suitors haven’t provided any comment yet, and Salesforce declined to talk to CNBC; “We don’t comment on rumors,” Salesforce’s VP of corporate communications, Chi Hea Cho. However, the Chief Digital Evangelist of Salesforce Vaha Afshar tweeted on his personal account about Twitter after all and wrote:

Resources claim that Verizon and Microsoft are also into the idea of buying the Twitter. The company was created in March 2006 by 4 people; Jack Dorsey, Evan Williams, Biz Stone, and Noah Glass. It rapidly gained worldwide popularity, with more than 100 million users posting 340 million tweets a day in 2012. The company handled 1.6 billion search queries per day and in 2013, it was one of the ten most-visited websites and has been described as “the SMS of the Internet”.

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Via: CNBC