Apple May Invest In Twitter–NYT

24/7 Wall St.

The New York Times has published a “rumor” that Apple (NASDAQ: AAPL) may make a strategic investment in Twitter. How that would help Apple, which has seen an erosion in the market share of its flagship iPhone is hard to see. Twitter’s membership is estimated at over two hundred millions. The short burst blog operation has had a problem similar to Faceboook’s (NASDAQ: FB), but even more severe. It has not been able to find a way to drive large sums of revenue from its user base.

The Times reports,

While Apple has been hugely successful in selling phones and tablets, it has little traction in social networking, which has become a major engine of activity on the Web and on mobile devices. Social media are increasingly influencing how people spend their time and money — an important consideration for Apple, which also sells applications, games, music…

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