Social network, Facebook offered competitor, Twitter, $500 million dollars in stocks Monday morning. However, Twitter, unsure of Facebook's potential turned the company's offer down.
Though both companies are social networks, Facebook and Twitter differ in many ways from how the website works down to what each offers. Interesting that Facebook's seek to join with Twitter was turned down since Facebook's success doubled in the last year.
However, Twitter doesn't believe that Facebook has reached it's peak of success. Weird, I don't remember hearing about Twitter until Dr. Reis told us about it in class, so who are Twitter to turn anyone down?
Reportly, Facebook has gone down this year in users by 1% when compared to last year and Twitter believes they their company has the potential of growing on its own without partnership at this point in time. We'll see.
Ching
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