Apple Considering Investment ‘In the Hundreds Of Millions Of Dollars’ In Twitter: Report

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Apple is very successful in selling hardware and software but not the same thing can be said when it comes to its social experiments (Ping anyone?). However, according to a New York Times report quoting unnamed people briefed in the matter, the Cupertino-based company is preparing to invest big in Twitter.

The exact amount is unknown but it is reportedly “in the hundreds of millions of dollars”. Such a huge investment would automatically bump Twitter’s value from $8.4 billion last year to beyond $10 billion. There are no negotiations at the moment and there is also no guarantee that this will go through. Still, if Apple wants to become more social, Twitter is the way to go (and they already made move with integrating Twitter with iOS and Mac OS) since the relationship with Google and Facebook is not the best. Read the entire report at the source link below!

Source: The New York Times

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Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.Given his background, and knowing his potential, something tells us he will succeed this time too! Stick around!Read more about Anton D. Nagy!| Google+