As stated, Facebook expressed interest in acquiring micro blogging site Twitter for a number of weeks, holding private meetings with the popular microblogging start-up in October, but negotiations finally broke down at the beginning of November.
The main stumbling block was the disagreement over the price of Facebook’s stock.
Facebook was offering 3.33% of its stock valuing Twitter at $500m (£330m). This based the stock valuation on the price Microsoft paid when it purchased a 1.6% stake in the social networking site for $240m (£160m) in October 2007.
Personally, I think Twitter are MENTAL. Great little tool, but genuinely monetisable? We’ll see…