Twitter Rejects Facebook’s $500 Million Takeover Offer

Silicon Alley Insider is reporting that Twitter, the microblogging service that has numerous stability and down-time issues over the past year, has turned down the 500 million dollar takeover offer put forward by the social networking website Facebook.

Twitter rejected the offer due to their “high hopes for it’s own secret revenue model which will be announced next year”.

Click here to read the full article on Silicon Alley Insider.

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