thiel

It seems the world's most popular social networking site was just moments away from acquiring another -- and few of us ever knew about it. A Facebook executive has revealed that a planned takeover of Twitter only fell apart because of a disagreement ... over stock valuations. Despite the rather miserable economy, Facebook is still looking to buy out other firms and says it could make a billion dollars a year from advertising. Peter Thiel, a venture capitalist who put up some of the money behind Facebook, discussed the deal in a Business Week interview. (Thiel was discussing the business aspects ... (view more)