Report: Apple interested in Twitter investment

In this photo taken Thursday, May 3, 2012, an old streetcar passes a display for an Apple iPad near Twitter's new headquarters in San Francisco. (AP Photo/Eric Risberg)

July 28, 2012 2:57:14 AM PDT
Apple may be interested in a stake in Twitter.

According to The New York Times, Apple has talked with Twitter recently about making a strategic investment.

The company has reportedly considered an investment in the hundreds of millions of dollars. That could value Twitter at more than $10 billion, considerably more than its $8.5 billion valuation last year.

Apple is not a big player in social networking, and as we all know, social media is increasingly influencing how people spend their time and money.