29-07-2012 07:50 Highlights of this day in history: Britain's Prince Charles marries Lady Diana Spencer; Italy's fascist dictator Benito Mussolini born; President Dwight Eisenhower signs an act creating NASA; Artist Vincent Van Gogh dies. (July 29)
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Today in History for July 29th - Video
By Poornima Gupta and Jonathan Weber
SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) and Twitter are currently not in discussions on the mobile technology giant taking a stake in the popular social networking site, sources familiar with the matter said.
Apple in recent months has held negotiations with Twitter to explore investing hundreds of millions of dollars in the company, The New York Times reported on Friday, citing people briefed on the matter. The Wall Street Journal said such discussion were held over a year ago, citing a person familiar with the matter.
It is unclear if the two companies talked about a deal in the past and at what level such discussions were held, but there are no current, formal talks between the companies on an investment or acquisition, the sources said.
Both Apple and Twitter declined to comment.
The iPhone and iPad maker typically does not take equity stakes in companies and prefers to acquire technologies by buying up smaller startups that are lesser known. Twitter executives have said repeatedly they are in no rush to seek additional financing, either privately or on public markets, since they have "truckloads" of cash.
Apple has never delved deeply into the social media space dominated by Facebook Inc (FB.O), but it has dabbled in trying to make music more social by launching a social network on iTunes called Ping, which has not caught on.
Twitter, the Internet phenomenon with some 140 million users that allows people to "tweet" 140-character messages, is already well integrated into Apple smartphones and tablets. Apple customers can directly share their comments on Twitter when on their iPhones, iPads or Mac line of computers.
Twitter, the San Francisco-based startup that is viewed as the most significant candidate for the public markets following Facebook, is ramping up its efforts to generate revenue from the 400 million tweets that cross its networks daily.
(Reporting By Poornima Gupta and Jonathan Weber; Editing by Peter Cooney)
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Apple, Twitter not currently in discussions for stake - sources
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4 Reasons Why Recruiters Should Stop Accepting Traditional Resumes
27-07-2012 13:41 Before attending opening ceremonies at the summer Olympics, Mitt Romney talked about economics with Ireland's prime minister at the Irish Embassy in London. (July 27)
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Raw Video: Romney Chats With Ireland's PM - Video
27-07-2012 08:56 There was a not very friendly investor reaction to Facebook's drastic slowdown in revenue growth. The social networking website also offered no financial forecasts in its first earnings report since it sold shares. The figures did nothing to ease concerns over how it can boost advertising. Facebook founder Mark Zuckerberg countered that the company is seeing encouraging results from newly introduced advertising services. Analyst Anupam Palit with Greencrest Capital said the numbers showed the share value was overhyped: "People felt Facebook was somehow a special company; that they could grow at an enormous clip forever, very high double-digit rates, no company can do that. People felt that operating margins at 50 percent plus were sustainable - no company can do that. And what we are seeing this quarter is that the growth slowdown and the margin now being defensible is coming down as well. This company is coming back down to earth." Facebook's biggest growth obstacle remains the large number of users who access it via mobile devices which only recently began to offer limited forms of advertising. Zuckerberg said they are investing "heavily" to build a strong mobile business. Shares of Facebook, which have shed a third of their value since their haphazard May debut at $38, broke below $24 in frenzied after-hours trading. Facebook's stock fell nine percent during regular trading on Thursday. On Wednesday, social games leader Zynga - which accounts for over ...
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Facebook faces unfriendly growth numbers - Video