A flurry spurned funding stories have hit the wires in the last 24 hours. Last week, we talked about the faltering IBM/Sun deal, and earlier this week, Cisco made it apparent that they weren’t planning on making a move on Sun.

That apparently set the stage for more “no’s” today.

Decision Time For Facebook: Term Sheet Received At $2 Billion Valuation [Techcrunch] – Late last night, Techcrunch received a tip that General Atlantic made a bid to buy into Facebook, but at a much lower valuation.

Facebook rejects funding at $4 billion valuation, may not raise more [VentureBeat] – not long after that, VentureBeat received tips that Mark Zuckerberg talked it over with the board, but ultimately refused the funding, still of the opinion that they were worth a valuation closer to $15 Billion than $4 Billion.

Twitter Wants Distribution Deals, Not a Buyout [NYT/Bits] – The New York Times resparked the discussion originally ignited a few weeks ago by the Techcrunch rumor floated about a Google buyout of Twitter. The NYT put together a number of sources that altogether painted the picture most have come to accept: Twitter is looking to aggressively grow, and mostly interested in doing that through the use of strategic partnerships.

Sun to IBM: We’re willing to talk again; Big Blue not interested [ZDNet/Between the Lines] – … and hell hath no fury like an IBM scorned. Reminiscent of the Yahoogle debacle, IBM now proclaims they’re “not interested in Sun at any price”, despite having been in talks up until very recently. Why is Sun ready to talk again? Larry Dignan at ZD seems to think this picture may have something to do with it: