JPMorgan looking to buy 10 pct of Twitter?

twitter prepping link shortening for all tweets logo  300x200

Finance house JPMorgan Chase & Co. recently established a new $1.2 billion Digital Growth Fund that’s looking to invest in social media as a big growth opportunity for investors, and now the fund looks to be getting ready to make its first major investment. According to reports in the Financial Times, the Wall Street Journal, and the New York Times—all citing unidentified sources—the company is looking to buy a minority stake in social networking service Twitter. How much? The reports put the deal in the 10 percent range, with JPMorgan willing to put up to $450 million into the company.

If true, that would mean JPMorgan places the market value of Twitter around $4.5 billion. There’s no indication yet whether JPMorgan would execute the deal by taking over existing investors’ stakes in the company or by doing a deal directly with Twitter.

Spokespeople for both JPMorgan and Twitter have declined to comment on the reports.

A valuation of $4.5 billion would be a significant uptick for Twitter, which recently secured a $200 million investment by a group led by Kleiner Perkins Caufield & Byers, which put the market value of the company at around $3.7 billion. However, since then, some of the potential power of social media has become plain on the international stage, with the service playing a major role in protests in Egypt that led to the resignation of President Hosni Mubarak. And Twitter was very active last night as untold thousands of avid users “livetweeted” the Academy Awards ceremonies for their friends and followers.

JPMorgan Chase’s Digital Growth Fund is in some ways a response to Goldman Sachs’ raising $1.5 billion to invest in Facebook.

Computing

I tried an LTE laptop for a month, and I wasn’t really convinced

LTE laptops offer up plenty of benefits and are becoming more common. After spending one month with one in my daily life in New York City, I really wondered if it is something that consumers really need in their lives.
Home Theater

Netflix paid $100M to keep ‘Friends,’ but viewers may pay the highest price

Netflix reportedly paid $100 million to keep '90s sitcom Friends on its service for another year, but the cost consumers might have to pay for access to their favorite shows and movies down the road could be much, much higher.
Music

Apple Music vs. Spotify: Which service is the streaming king?

Apple Music is giving Spotify a run for its money, but which service is best for you? In our Apple Music vs. Spotify showdown, we compare and contrast all we know about the two streaming music services.
Computing

Snatch Apple’s 2017 15-inch MacBook Pro for up to $1,200 off at B&H

The latest deal at B&H is offering up 2017 15-inch Apple MacBook Pros, in space gray and silver, with Intel Core i7 quad-core CPUs, 16GB of RAM, and AMD Radeon Pro 560 GPUs with up to 2TB of SSD storage.
Computing

Microsoft’s Chromium Edge browser may be adding your Chrome extensions

Fans sticking to Google Chrome because due to its vast extension library might be able to switch over to Microsoft's latest iteration of Edge, as a project manager confirms that the company has its eyes on Chrome extensions.
Gaming

Apple Mac users should take a bite out of these awesome games

Contrary to popular belief, there exists a bevy of popular A-list games compatible for Mac computers. Take a look at our picks for the best Mac games available for Apple fans.
Emerging Tech

An A.I. cracks the internet’s squiggly letter bot test in 0.5 seconds

How do you prove that you’re a human when communicating on the internet? The answer used to be by solving a CAPTCHA puzzle. But maybe not for too much longer. Here is the reason why.
Computing

Qualcomm’s dual-screen PC concept looks like two connected Surface Go tablets

In Qualcomm's video teaser, we got a glimpse of the company's vision for how a dual-screen ARM PC should work. The internet reacted to Qualcomm's video, calling the device in question merely a mashup of two Surface Go tablets.
Deals

Check out the best Green Monday deals for those last-minute gifts

Black Friday and Cyber Monday have come and gone, but that doesn't mean you've missed your chance of finding a great deal. We're talking about Green Monday, of course, and it falls on December 10.
Computing

Hololens 2 could give the Always Connected PC a new, ‘aggressive’ form

Microsoft is said to be leaning on Qualcomm to power its Hololens 2 headset. Instead of Intel CPUs, the next Hololens could use a Snapdragon 850 processor, allowing it to benefit from the always-connected features.
Computing

Chrome’s dark mode may cast its shadow over Macs by early 2019

By early 2019 Google may release a version of Chrome for Mac users that offers a Dark Mode feature to match MacOS Mojave's recent darkening.
Computing

These laptop bags will keep your notebook secure wherever you go

Choosing the right laptop bag is no easy feat -- after all, no one likes to second-guess themselves. Here are some of the best laptop bags on the market, from backpacks to sleeves, so you can get it right the first time around.
Home Theater

Step aside set-top boxes, the best streaming sticks are tiny and just as powerful

Which streaming stick reigns supreme? We pit the Chromecast and Chromecast Ultra against the Roku Premiere, Roku Streaming Stick+, and the Amazon Fire TV Stick 4K to help you decide which one will be the best fit in your living room.
Computing

If you've lost a software key, these handy tools can find it for you

Missing product keys getting you down? We've chosen some of the best software license and product key finders in existence, so you can locate and document your precious keys on your Windows or MacOS machine.