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High school 2.0: Twitter rejects Facebook, wants more status

Eric Eldon, VentureBeat11.24.2008
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Leading social network Facebook tried to buy popular micro-messaging service Twitter a few weeks ago, BoomTown reports, confirming a previous suggestion of the deal. It apparently didn’t work out because Facebook offered Twitter $500 million in stock at its preferred-stock valuation of $15 billion, not its common-stock valuation of somewhere between... (Read more)

Reprinted with permission from VentureBeat. Story copyright 2008 VentureBeat Inc. All rights reserved.

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