Twitter’s "Larry" the blue bird had a haircut on June 6, 2012 as the social media changed the company’s logo forever. At the same time the fate of Twitter is changing and getting much better. While the social media has plenty of cash on hand by placing ads on sponsored tweets which is estimated to surpass $300 million in 2012, the company will not hesitate to welcome additional funding from Apple. The world’s most valuable company is currently has a very excessive cash on hand (about $117 billion) and its executives do not know what to do with those money. One of the best choices for throwing out those cash is by approaching Twitter.
According to New York Times, Apple has been approaching Twitter owners and investors and the world’s largest mobile devices maker want to buy some shares of Twitter. Apple is expected to invest over hundreds of millions. Tech analysts had previously valued Twitter at $8.4 billion. With Apple’s interest, many analysts believe Twitter could reach as high as $10 billion; this is an increase of nearly 20% within the past twelve-month.