FishbowlDC FishbowlLA TVNewser TVSpy SocialTimes LostRemote MediaJobsDaily more GalleyCat AppNewser UnBeige AgencySpy PRNewser 10,000 Words AllFacebook AllTwitter semanticweb.com

Fortune: Twitter Passed on $10 Billion

In next Monday’s issue of Fortune, Senior Writer Jessi Hempel takes a look at the internal struggles impacting Twitter, and reveals a company – despite huge potential – that appears to be going nowhere.

According to Hempel, the problem is that Twitter’s leadership is in a constant state of disarray. As company board member Peter Fenton explains, “The act of getting from there [the beginning of the site] to here was violent. We’ve had a revolving door of senior leaders who leave.”

But that’s not the biggest revelation from the piece. The part that caught our eyes was this:

Last fall Microsoft, Google, and Facebook itself all considered buying the company. Microsoft never made an offer, according to sources, but Facebook is believed to have offered $2 billion for Twitter, and Google, by far the most serious, offered as much as $10 billion.

That’s right, Twitter turned down a $10 billion deal. Not million, billion! It’s hard to believe the company will ever get an offer like that again. But hey, look at that semi-annoying tweet Ashton Kutcher just wrote! That’s what the site is all about, not making tons of money. Right?

Mediabistro Event

Early Bird Rates End Wednesday, May 22

Revamp your resume, prepare for the salary questions, and understand what it takes to nail your interviews in ourĀ Job Search Intensive, an online event and workshop starting June 11, 2013. You’ll learn job search tips and best practices as you work directly with top-notch HR professionals, recruiters, and career experts. Save with our early bird pricing before May 22. Register today.