Apple considering an investment in Twitter

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Bboy AJ

My dog was murdered by a 3.5mm audio port and I will not rest until the standard is dead
Apple, which has stumbled in its efforts to get into social media, has talked with Twitter in recent months about making a strategic investment in it, according to people briefed on the matter.

While Apple has been hugely successful in selling phones and tablets, it has little traction in social networking, which has become a major engine of activity on the Web and on mobile devices. Social media are increasingly influencing how people spend their time and money — an important consideration for Apple, which also sells applications, games, music and movies.

Apple has considered an investment in the hundreds of millions of dollars, one that could value Twitter at more than $10 billion, up from an $8.4 billion valuation last year, these people said. They declined to be named because the discussions were private.

There is no guarantee that the two companies, which are not in negotiations at the moment, will come to an agreement. But the earlier talks are a sign that they may form a stronger partnership amid intensifying competition from the likes of Google and Facebook.

Apple has not made many friends in social media. Its relationship with Facebook, for example, has been strained since a deal to build Facebook features into Ping, Apple’s music-centric social network, fell apart. Facebook is also aligned with Microsoft, which owns a small stake in it. And Google, an Apple rival in the phone market, has been pushing its own social network, Google Plus.

“Apple doesn’t have to own a social network,” Timothy D. Cook, Apple’s chief executive, said at a recent technology conference. “But does Apple need to be social? Yes.”

More: http://www.nytimes.com/2012/07/28/t...n-twitter.html?_r=1&smid=tw-nytimes&seid=auto
 
Isn't a lot/most of social media done through Apple devices? Is this just them trying to get some revenue from that?
 
Was the iTunes social network thing as colossal of a failure as I imagined it to be? Ping or something?

What other social media efforts have they had?
 
That would be good. Twitter has been making some bad moves in an attempt to justify investors' huge handouts to the company. Apple, for their part, probably wants to have a tool to keep Facebook at bay.
 
Brilliant. I don't necessarily want them ultimately buying Twitter undoubtedly making the apps iOS only, but that too might be smart from their perspective.

I don't think of Twitter like Facebook or Google+. Twitter's ingrained in American culture on a way that I don't see fading anytime soon.
 
Was the iTunes social network thing as colossal of a failure as I imagined it to be? Ping or something?

What other social media efforts have they had?

Yes, Apple failed to make the necessary connections to stuff like Facebook and it failed because of this.
 
If this ended up happening, it would only make whatever G+ more viable/successful tbh.

But it would be pretty awesome if they were to merge iMessages and Twitter-like features into a single app.
 
Brilliant. I don't necessarily want them ultimately buying Twitter undoubtedly making the apps iOS only, but that too might be smart from their perspective.
How? It would kill Twitter's popularity immiedietely, thus making all the money invested gone.
 
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