Apple looks at Twitter deal as Facebook suffers
Technology giant Apple considered pouring hundreds of millions of dollars into the microblogging service Twitter, according to reports in the US this weekend.
The iPhone and iPad maker, which is the world's biggest company by market value, has not previously made any major forays into social media. The deal would have valued Twitter at around $10bn (£6.4bn) and it would also have signalled Apple's eventual intention to take on Facebook.
The investment would also have shown that Apple boss Tim Cook, left, was keen to step out of the shadow of his predecessor, Steve Jobs, who died last year. However, though talks have taken place in recent months, no negotiations are currently taking place.
Twitter has 140 million users, but has struggled to commercialise the business. Facebook has more successfully brought in advertising revenue, though its stock has slumped by more than one-third since its $100bn stock market debut in May and last week it announced slowed revenue growth.
On Friday, Apple announced that it was going to buy Authen Tec, which develops sensors to read fingerprints, for $356m. That technology would be used to improve security on Apple's array of popular smartphones and tablet computers.
Earlier in the week, Apple also revealed that its growth had suffered in the latest quarter.
- 1 Joan Rivers: 'Palestinians deserve to be dead'
- 2 Perez Hilton apologises for Jennifer Lawrence nude photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Isis terror threat: Leading British Muslims issue fatwa condemning terror group
Israel-Gaza crisis: YouTube footage shows scale of destruction after 50 days of shelling
iPhone 6 'hidden code' could indicate sharper screens or bigger phones
Ebola virus: It's ripped through towns – now the deadliest ever outbreak of the virus is heading for Africa's teeming cities
Perez Hilton apologises for Jennifer Lawrence nude photo leak
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
iJobs Money & Business
£70000 - £75000 Per Annum: The Green Recruitment Company: Katie Robinson +44 (...
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28 - 32k + Uncapped Commission: Guru Careers: A Business Development Manager ...