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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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