Weekly News

Twitter is preparing to take the company public in 2014 and could be worth $11.Max Wolff analyst of Greencrest, specialist financial researchers, said ‘said Twitter's value has also been swollen by speculation that Apple is interested in acquiring the company. Twitter was rumoured to float this year, but will not have been encouraged into a hasty move by disappointing performances of both Facebook and Zynga. Both, Facebook and Zynga, have struggled to convince investors. Facebook's failed to convince that, the business is ready to make money as consumers shift to mobile, and in Zynga's case that they are capable of producing enough hit games. Facebook's shares are down 26% since the IPO, while Zynga's value has dropped by 75%.

My Opinion: I believe that social networking websites are trying to overachieve. The likes of Face Book and Twitter are trying to make more revenue than they already do which I believe in the long run is not going to be possible. I think Twitter should learn from the mistake Face Book made recently.