Twitter Debunks Google-Facebook Takeover Rumours
CEO Dick Costolo questions if Google can afford Twitter; hints towards a new revenue generation model
After a Wall Street Journal report claimed low level talks between Facebook and Google executives about acquisition of Twitter, the Internet saw a great hue and cry about another big corporation assimilating a smaller one. However, Twitter CEO Dick Costolo has debunked the rumours. Speaking at the ongoing Mobile World Congress (MWC), he denounced the rumours by stating, “People write that stuff all the time. I don’t know where these things come from, it’s just a rumour.” Costolo punctuated the statement by asking if Google could afford a $10 billion acquisition. Ouch.
Addressing the media at the MWC in Barcelona, Costolo spoke about Twitter s revenue model, claiming that Twitter was making money through the existing means of promoted tweets, accounts and trends. He also mentioned that Twitter will launch a new method of monetising the microblogging website this year; although, no details were provided about the new revenue generation scheme. He dismissed the persistent queries about Twitter s monetisation by stating, “Every time I have an interview I am asked when we’re going to make money. The short answer is we’re already making money.”
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