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Sources Deny Apple Investment In Rumor Talk

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By Douglas A. McIntyre Published
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In what may be an embarrassment to The New York Times , sources say that Apple (NASDAQ: AAPL) and Twitter have not held conversations about a strategic relationship in over a year. The Times played the rumor, which it says was supported by its own sources, as based on very recent talks which are in late stages. The top story in the Times early today reported that Apple might make a strategic investment in Twitter, the micro blog site with as many as 250 million members

Reuters reports that

Apple Inc and Twitter are currently not in discussions on the mobile technology giant taking a stake in the popular social networking site

The lack of current conversations may be a relief to some Apple shareholders. Apple has developed all of its technology, software, and content relationships from inside the company. The need to set a relationship with Twitter could be seen a the first desparate act as Apple begins to lose ground in the smartphone market to Samsung, something which critics of the U.S. firm say was evident in recently earnings which were a disappointment.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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