Twitter shares rose the most since its stock market debut in 2013, up 21% to $22.59, giving the company a market capitalization of close to $16 billion. Photo: AFPNew York: Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, as the social media company grapples with its slowest revenue growth since going public in 2013. Twitter shares rose the most since its stock market debut in 2013, up 21% to $22.59, giving the company a market capitalization of close to $16 billion. As rivals such as Instagram and Snapchat gain traction with advertisers and social media users, investors have questioned how long Twitter could persist as a stand-alone company. Co-founder Jack Dorsey returned to the company as chief executive in 2015, but his plan for reviving Twitter is at best seen as unfinished.

Source: Mint September 23, 2016 14:15 UTC