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Social Networks

Facebook Nearly Added Twitter To Friends List 124

Posted by CmdrTaco from the in-today's-dollars-that-would-be-trillions dept.
nandemoari writes "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 says the two sides agreed a $500 million purchase price and that Twitter would receive the payment in Facebook stock rather than cash — which is a common solution in large takeovers where there simply isn't the money available for a buyout."
Government

Obama Looking At Open Source? 306

Posted by CmdrTaco from the looking-isn't-doing dept.
An anonymous reader writes "'The secret to a more secure and cost effective government is through Open Source technologies and products.' The claim comes from one of Silicon Valley's most respected business leaders Scott McNealy, a co-founder of Sun Microsystems. He revealed he has been asked to prepare a paper on the subject for the new administration."

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