Sign in with
Sign up | Sign in

Apple Not in Talks to Invest in Twitter

By - Source: Bloomberg | B 6 comments

A recent report from NY Times stirred the rumor pot that Apple may be investing in Twitter. Bloomberg just dispelled such rumors.

Recently, the New York Times reported that Apple was in talks to invest in Twitter, according to undisclosed sources.

Although Apple's had its successes in hardware, it has relatively little influence in the social media department. Apparently, Apple considered putting hundreds of millions into Twitter, to inflate its valuation from $8.4 billion to over $10 billion.

However, Bloomberg dispelled any rumors of these talks going anywhere yesterday, when it reported that its sources claimed that these discussions happened well over a year ago and that Apple and Twitter decided to call off these talks.

Though Apple has increasingly integrated Twitter into its phones, tablets, and notebooks—Mountain Lion has direct support for Twitter—don't expect to see any news of Apple throwing its money towards Twitter's way. Yes, the ruckus was essentially all for nothing.

 

Contact Us for News Tips, Corrections and Feedback

Discuss
Display all 6 comments.
This thread is closed for comments
  • -1 Hide
    dauntekong , July 31, 2012 4:49 AM
    There is talks about it, yes, but Apple evil plan is to steal Twitter's idea and ALAKAZAM! "iTweeter!" Then they turn around and SUES twitter for patent copy rights.

    Stupid cr-Apple, we know your evil plans.
  • 5 Hide
    memadmax , July 31, 2012 5:20 AM
    I wouldn't invest in Twitter either
  • 4 Hide
    aftcomet , July 31, 2012 6:05 AM
    Twitter? Giant meh.
  • 0 Hide
    DjEaZy , July 31, 2012 7:30 AM
    Apple Not in Talks to Invest in Twitter... yup... apple is in talks to buy it...
  • -1 Hide
    JohnnyLucky , July 31, 2012 4:19 PM
    What would Apple want to sell to the social networking crowd?
  • 0 Hide
    eddieroolz , July 31, 2012 6:43 PM
    Journalism has taken a downward ride and it continues. News outlets like NYT can just make up these phantom articles and mess around with stock prices and more.