Chicago (IL) – Speculation of a Twitter acquisition by Google dominated headlines in the social networking realm last week. Twitter co-founder Biz Stone addressed the rumors stating that the micro-blogging website was in discussion with companies for a potential acquisition, but believes that the company should remain independent.
In a blog post titled “Sometimes We Talk” Stone wrote, “It should come as no surprise that Twitter engages in discussions with other companies regularly and on a variety of subjects.” Though Stone did not elaborate on any specific companies, he addressed the rumors, after he had found his e-mail inbox “flooded” with questions regarding the possibility of a Google-Twitter joint venture. Stone also stated the company’s ultimate goal is to build an “independent company” that is “profitable.”
This has been the company’s stance for a while, that they openly talk to other companies, but that they are working to build the business. During an appearance on Stephen Colbert’s “Colbert Nation” Stone told Colbert, “We’re recognizing a difference right now between profit and value,” he added, “right now, we’re building value.” And some may interpret this statement that value typically prepares a company for acquisition.
Currently Twitter has 30 employees, and operates out of a loft in the SoMa neighborhood in San Francisco. Since no specifics are currently being addressed, it is unknown whether a Twitter-Google partnership is on the horizon. However, it can be speculated that if the desire to remain independent is strong for Twitter, a partnership with Google would seem unlikely.
Twitter is still in its early stages and has no true business model. There has been much speculation, opinion, and idealism regarding the future of Twitter; however, the site is infantile, and could ultimately go either way.