Twitter Worth $10B? Facebook, Google (GOOG) Potential Buyers

Twitter has become a target of possible acquisition by potential suitors, as the social networking market explodes, giving the company an estimated valuation of $8-$10 billion according to the Wall Street Journal.

Sources cited in the report say that over recent months Twitter executives have held preliminary talks with Facebook Inc. and Google Inc. (NASDAQ: GOOG) about a possible acquisition, but thus far the discussions have led nowhere.

The valuations seems steep as the people familair with the matter say that Twitter only saw $45 million in revenue for 2010, while estimates for revenue in 2011 is expected to be in the $100-$110 million range.

Twitter has yet to learn how to turn its more than 200 million registered users into a profitable business. The company was created in 2006 and just started on site advertising last year.

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