Evan Williams the new CEO of Twitter as of October has really hit the ground running in his newly acquired position.
First his site Twitter made huge headlines thanks to the way their site was able to disseminate information about last week's terrorist attacks in India.
Now, they have been offered a dream buyout by Facebook for $500 million. Not bad for a platform many in the industry said "lacked a sound monetization strategy."
Not so dreamy! Twitter, which reportedly has brought in virtually no revenue since it's inception and raised $20 million in venture funding, is saying "no-go" to the behemoth. Evan Williams said the courtship between the two Web 2.0 companies could be rekindled in the future.
Williams also said in a statement, "Twitter decided that it had too much left to do, beginning with figuring out how to make money."
Well I have a great strategy for how to make money...sell your company for $500 million to Facebook!!
I guess this is why i'm blogging in my tity whities and not running a top social media company.