Facebook offered to buy Twitter for$500 million of overvalued facebook stock. Twitter rejected the offer for several reasons. You might be wondering why Twitter would reject a $500 Million Takeover Offer From Facebook. Here’s why: The $500 million offered was in an all-stock form, at the $15 billion over valuation of Facebook that came from the Microsoft investment in the last October.

The Twitter side felt that figure was inflated and the shares should be valued at the lower figures that have also been reported for Facebook’s true valuation, more in the $5 billion range.

That would have given the deal a $150 million price tag, which was seen as too low, especially since it was in Facebook stock and not cash.

In fact, Twitter wanted cash, which was not possible for Facebook, or Facebook stock at an even lower valuation that $5 billion.

Fake phone calls to get you out of hot water

Another interesting application has popped up on the Apple
App Store that allows you to send fake phone calls to yourself,
presumably to get you out of a spot of bother.

Made by a company called Magic Tap, the app comes in at under
a dollar – it’s US made – and will look like the name you
programmed it to display will be ringing you.

Fake Call
Called aptly Fake Call, the call won’t cost you anything as it
doesn’t actually pick up on the other end, but who’s to know
you are not speaking to yourself when you answer the phone?