Twitter for sale

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Not to Billionaire media mogul Rupert Murdoch, that’s for sure. And if you don’t know him, he’s the guy who bought MySpace four years ago.

Murdoch said these remarks at Allen & Co.’s Sun Valley media and technology conference which was held in Idaho last Thursday.

He says he has no interest in buying Twitter, the social networking and micro-blogging site ranked by Nielsen.com as the fastest-growing site in the Member Communities category for February 2009.

He also warns other potential buyers for Twitter to be careful of investing in the site as Twitter’s executives haven’t yet turned it into a money-ranking operation with real returns, thus there is no guarantee of sustainability.

Rumors have also been going around about Murdoch and his company, News Corp. selling MySpace as the site’s popularity have gradually decreased since the conception of “flashier” rivals such as Facebook.

When asked about it though, he’s answer is as clear as it can be: “Hell no.”

There. That should end those speculations.

Source:

http://www.crn.com/software/218401219;jsessionid=XFL4MS3SUHLKQQSNDLPCKH0CJUNN2JVN