Facebook investor Peter Thiel went public for the first time in Business Week affirming that acquisition talks between Facebook and Twitter did indeed occur last year but that they broke down over how to value the fast-growing social networking site. The deal, pegged in the $500 million range, would have been transacted with Facebook stock -- the valuation of that stock, however, has been a moving target. Still, the economy has not seriously effected the worth of social networking...no matter what, people are social creatures who…
Jeromy StallingsMarch 3, 2009