Source: Business Week 26May2014 I often wonder if it is obligatory that if you start and IPO a digital business raising billions of bucks you should have to spend money on acquiring unprofitable businesses where the synergies are unclear and it seems entirely within the capacity of your own technical team to build the added functionality yourself. Twitter chasing Spotify and Pandora and other music streamers is a case in point. Spotify recently reached 10m subscribers. Whoopee! Twitter has several hundred million users! Why spend billions to buy them? Is it sheer laziness on the part of management or activity for activities sake? I mean Google built their own version - Google Play. Twitter should too.
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