News Corp Won't Acquire Penniless Twitter

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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.”

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