Twitter Gets Acquired
Twitter has become the go-to destination to learn the zeitgeist of any given moment with people able to tweet 140 characters worth of whatever they feel like at any hour of the day, and the micro-blogging service could be approached by a number of different suitors, including the aforementioned Facebook.
An interesting possibility is Google (GOOG). The Internet search giant launched Google Plus, its own social media presence in 2011, but may still feel increasing pressure to spend some of its $39 billion in cash on an acquisition of Twitter, which was recently valued at $8 billion.Review: Boy, did I mess this one badly. Not only did Twitter not get acquired by Google, the micro-blogging site is looking to go public, though does not have plans to do so anytime soon. The poor reception to Facebook's IPO may have hurt Twitter's prospects of going public sooner rather than later, but the San Francisco-based firm will most likely go public in the next couple of years. CEO Dick Costolo recently noted it's in no rush to take the public plunge. Grade: F (not telling mom and dad about this one)