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Twitter says nothing is on the horizon now, but it has plenty in the bank

The social networking scene is very popular online with many of the millions of internet users online using MySpace, Facebook, Twitter, and other social networks daily. With the massive popularity of these social networks, they are drawing interest from investors and search giants.

A survey published in October shows that nearly 20% of internet users Tweet. Microsoft and Google both signed deals with Twitter for search in October that will allow both search engines to index content from Twitter. Yahoo later paired with OneRiot to allow real-time searching of tweets.

In September, Twitter closed a new round of funding that is said to have reached $100 million, valuing the company at $1 billion. The funding counted investments from mutual fund T. Rowe Price spawning rumors that Twitter may be looking for an IPO. Reuters reports that Twitter is looking to make acquisitions in 2010, though Twitter executives say nothing specific is on the horizon at this time.

Twitter co-founder Biz Stone said, "That [acquisitions] is something we are definitely interested in. We made an acquisition last year that turned out to be an outstandingly good decision." He continued saying, "As our attention is grabbed by some of these developers, we will take a hard look at them."

Stone also says that there is no specific time frame on when Twitter needs to break even. "There are no dates when we need to break even. We have plenty of money in the bank," said Stone.

Twitter has plans to make money in 2010 with a move to advertising in what Stone calls "a non-traditional" way. No details were offered on the advertising method. Twitter has maintained that advertisements will not be bothersome to the users of the service, which has so far not used advertisements. Twitter also has plans for more language versions with French, German, Italian, and Spanish versions coming.

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A bird in the hand is worth...
By xphile on 11/25/2009 5:56:49 PM , Rating: 2
oh look - a billion dollars! How times change.

By eddieroolz on 11/26/2009 4:43:32 AM , Rating: 2
It's worth a billion? Seriously?

Time waste
By mxnerd on 11/27/2009 12:08:37 PM , Rating: 2
It will be harder and harder to search anything useful if Twitter or similar micro blog get indexed.

Twitter & micro blogging is just wasting everyone's time.

By brshoemak on 11/27/2009 8:05:50 PM , Rating: 2
that nearly 20% of internet users Tweet

and 95% of all internet users don't really care what you have to say, but thanks for sharing anyway. I almost went my entire day without knowing that you're taking a sh!t right. Thanks for keeping me in the know.

By jconan on 12/2/2009 4:22:24 AM , Rating: 2
it probably won't be worth that much after it's been bought and resold. AOL was worth somewhere around that and now it's practically worthless...

Barksdale: "this could be an awesome company, and one that delivers long-term value for shareholders."

times sure have changed.

By matthewfoley on 11/25/2009 11:46:41 AM , Rating: 1
No one cares what you had for lunch.

"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation

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