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News Corp Won't Acquire Penniless Twitter

Posted 07/09/09 at 06:24:49 PM  by Pulkit Chandna

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Twitter still hasn't found a business model. Although it is not very strange for an internet startup to be devoid of an effective revenue model in its formative years, it is something that makes Twitter a risky investment in the eyes of media mogul Rupert Murdoch.

"Be careful of investing here," he told Reuters when prodded about the possibility of News Corp acquiring Twitter. He was speaking upon his arrival at the Sun Valley media and technology conference. “Hell no,” was his terse, emphatic reply when asked about his willingness to sell MySpace. He even took a dig at Facebook by likening to a humdrum “directory.”

COMMENTS:3
TAGS: Internet, twitter, facebook, myspace, acquisition, web, news corp, rupert murdoch
COMMENTS
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avatarPar for the course...

Submitted by techparadox on Fri, 07/10/2009 - 6:52am

I'm not surprised Murdoch bashed on Facebook and is trying to downplay Twitter.  After all, News Corp owns MySpace via Fox.  Why the heck would he encourage investment in a competing product?

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avatar"Twitter hasn’t still

Submitted by chaos.13037 on Thu, 07/09/2009 - 7:45pm

"Twitter hasn’t still found a business model." Sorry, but shouldn't it be, "Twitter still hasn't found a business model"?

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