Twitter to make acquisitions, generate revenue in 2010
Posted by: admin in Stocks Money News
Filed under: Internet, Apple Inc (AAPL), Research in Motion (RIMM), Media World, Initial public offerings, Technology
Twitter is on the prowl. Though it made its last acquisition more than a year ago, company founder Biz Stone said on Tuesday that it’s looking to add to the stable. There aren’t any specific targets yet — at least none revealed — and Twitter is keeping its options open. The likely pool of potential acquisitions consists of third-party Twitter application developers, which is largely responsible for the micro-blogging service’s growth in popularity.
Stone, one of Twitter’s founders, said at a Tel Aviv news conference, “As our attention is grabbed by some of these developers, we will take a hard look at them.” This refers to companies that develop applications for Apple’s (AAPL) iPhone and Research in Motion’s (RIMM) Blackberry. It also refers to developers for the Web and desktop, such as HootSuite and TweetDeck.
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Twitter to make acquisitions, generate revenue in 2010 originally appeared on BloggingStocks on Tue, 24 Nov 2009 10:30:00 EST. Please see our terms for use of feeds.


















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