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Does Apple Have A Financial Interest On Twitter?
Reportedly Apple is planning to invest more than a hundred billion dollars on twitter. According to the report published by New York Times the two companies have talked about this in recent times but they are not taking about it right now. Already twitter has gathered about one billion dollar of funding and if they manage to pull this deal with Apple they will be able to manage several hundred billions.
Twitter has a lot of cash of their own; the company is expected to earn more than three hundred billion dollars only from advertising sales. The chief executive of Twitter said that he is just not into IPO, he does not worry about it much rather he prefers to wait for the company to speak up for itself. He believes any company can become public on its own terms if the people behind it have faith on it. However, an apple investment would strengthen the relationship between two companies which can be fruitful in future for both companies.
2012-07-28 12:34:20
Source: http://www.techgadgetsweb.com/9963/apple-financial-interest-twitter
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