Twitter has been in the news a lot recently, thanks mainly to events in Tunisia and Egypt. The revolutionary micro-blogging website is proving itself to be a popular tool for journalists and lay people alike. This year’s revenues are expected to be $100 million, but the site’s execs believe that this is just the beginning, and that they can grow Twitter into a $100 billion enterprise.
It seems as if many people agree with them. Andreesen Horowitz recently invested $80 million in Twitter, and their investment may pay off quickly. Rivals Google and Facebook have reportedly been conducting low-level talks with Twitter about an eventual takeover. While nothing has come of this yet, the sale price being discussed is as high as $8-10 billion.
On the other hand, Twitter could well decide to follow Groupon’s lead and maintain its independence. With its valuation what it is, an IPO may be in the cards for Twitter as well.