Twitter's chief executive officer Dick Costolo has revealed that the talks between Google and Twitter about renewing their search deal are in a ‘deadlock'.
Speaking during the Web 2.0 summit in San Francisco, Costolo confirmed what everyone in the tech circles knew, that Google and Twitter are nowhere near renewing their deal. Users were able to search information on Twitter from Google's search engine, but in July 2011, when the deal between the two internet giant's expired, people got a shock when they found out that the companies were having problems in continuing their partnership.
"We [Twitter and Google] just can't agree on what the appropriate value exchange is. And I don't mean that in terms of dollars...There are all sorts of details that we couldn't come to grips with," Costolo said during the conference, which, two years ago, saw Google and Twitter announcing their search partnership.
Two years ago, Google had needed access to real-time data, with the rise of Twitter and social networking in general. However now, with the company launching its own social network, Google+, which has more than 40 million users, the company has access to all the real-time data it wants.