• Rumor: Apple to Acquire Social Network

    According to an informant close to Apple speaking with Pando Daily this week, the iPhone maker is reportedly close to inking a deal that will result in its acquisition of a thriving young social networking platform.

    The lone but purportedly credible source says Apple "is poised to announce an acquisition of Dave Morinís Path social network."

    ďItís almost done, if not signed already, but itís essentially a done deal,Ē the source is quoted.

    It goes without saying that a deal of this magnitude -- and a presumably high value that hasn't yet been disclosed -- will go a long way to bolster the social media credibility to which Apple can lay claim.

    Having not yet experienced any significant success in the social world, Path may just represent the path to success for Apple in social media.

    To read the full report from Pando, click here.

    Source: Pando Daily
    This article was originally published in forum thread: Rumor: Apple to Acquire Social Network started by Michael Essany View original post
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