(Updated to provide more information about Facebook on fifth page and updated Google share price).NEW YORK ( TheStreet) - Google ( GOOG) is losing the social networking war, and Facebook's imminent IPO has placed even more pressure on the Internet giant. Acquiring Twitter, though, could help turn the tide in Google's favor, say experts. Google has roughly 60% of its $44.6 billion in cash and cash-equivalents in the United States, so a purchase, no-matter how expensive, could get done.
In the final three minutes of the Super Bowl tonight, there were an average of 10,000 Tweets per second.— Twitter (@twitter) February 6, 2012Josh Bernoff, senior vice president for Idea Development at Forrester Research said that anything Google has done regarding social has been a "flop." From Google Buzz, to Google Wave, to Google+, Google has had many social networking initiatives, and none of them have been successful, he explained. "If Google bought Twitter, that would be an admission of guilt. Buying Twitter would be expensive, but it would be worth it," Bernoff noted. Social networking will be in focus this week, as both Linkedin ( LNKD) and Groupon ( GRPN) report earnings later this week.