Twitter bought over by Google? Facebook?

Twitter the 140 character limiting social networking tool as been bought over by Google? What does this mean?! Have I not been keeping up with the news? Fortunately, you are not the only one. This acquisition has not been completed. However, news have reported that Google and Facebook has placed in bids for the social networking tool, with valuation as high as $10 million.

Interestingly enough both Evan Williams, Twitter’s co-founder, and Dick Costolo, the company’s chief executive, have repeatedly told newspapers that the site it not for sale. However, the site, despite the roll out of its advertising product and promoted tools during 2010, is believed to have made a loss last year, despite revenues of $45 million.

Is twitter really worth $10 million? It is said that, "Google wants total access to Twitter’s data so it can make real-time information an integrated part of its offering and not just an add-on. Since 2009 the search giant has been indexing Twitter users' tweets to add a real-time element to its search experience. Eighteen months on from that non-exclusive deal, Google has yet to create its own version of real-time search.

And similarly, Facebook, which was rumoured to have been interested in buying Twitter two years ago, would benefit massively from full access to Twitter’s rich data hose, in its bid to become the social web, within the web."

Dispite is countless benefits of keeping up to date or the first hand news, many of our lives have been ruined by twitter. Here's a video to share with you!