Tuesday, November 25, 2008
To Sell or Not to Sell–That Was the Question for Twitter (But Was Its Answer Right?)
There are two schools of thought about Twitter’s decision not to sell itself to Facebook, as it did not in the fail-whale of a deal that BoomTown reported on yesterday.
Here’s my favorite quote from an Internet exec who thought the microblogging service’s decision to turn down $500 million in stock (and some cash) in the hot social-networking site was–how can I put this delicately?–stupid:
“If Twitter turned down 500m in stock, they should go see a shrink.”
But, others disagreed, with another big Web player noting: “Why should Twitter hitch itself to Facebook’s horse, when they don’t have too?”
