Twitter Co Founder : Sorry Apple, Twitter not for sale

Google and Microsoft may have been edging each other to go ahead and close the twitter deal. Facebook offered $500 Million and were denied. There are rumors that Apple is involved in the race and might be keen on closing the deal June 8 (Apple worldwide Developer Conference). While the Cupertino giant might be in plans, Twitter Co founder Biz Stone, announces that “We are not for sale”!!

Not for sale!!

Twitter has been growing at a phenomenal rate in the past year and has more traffic than Facebook and even myspace. While, there are still no visible channels of twitter monetization, twitter does seem like a massive potential playground for investors. With the traffic and users increasing, not to count on the mobile interface and the APis, twitter is worth almost close to Facbook’s offer of $500 million.

However, there could be reasons behind twitter turning down the offer. Facebook’s offer of $500 million was partly in cash and over-rated stock. There is a very fair chance that twitter could have estimated the bloated prices of Facebook stock as too high. However Apple will not much problems offering cash ($700 M) to twitter. Multiple sources including tech crunch hint that the interest from Apple could be true.

Apple’s twitter page swept me like a wave and I was more convinced that we could see Steve Jobs, announcing the acquisition of twitter by Apple. Apple could use the iphone trump card to profit out of Twitter, but I am not sure if they can win the money back.

Twitter offers RSS feeds, APIs and client access from a external desktop program or mobile device, and everything is for free. It is so much against the Apple way, which is “Pay and we will provide you the best”. If the acquisition happens, you could see some massive changes to the twitter monetization channels.

Twitter has been lured with lots of offers from various people, and they do not have a proper business plan yet. Somebody has to pay for those sweating servers. It was a big surprise, when twitter turned down the offer from facebook, but Biz Stone clearly put the ideas flat, when he talked to Computer World about twitter being on sale.

An Apple employee, a Twitter fan

Picture Credit : An Apple Employee at work, Source: Apple