Twitter is cutting its staff by 9% after a widely rumored sale process appears to have come to nothing. Disney (DIS), Google (GOOGL, Tech30) and Salesforce (CRM, Tech30) were all said to be interested in bidding for the social network, but ultimately backed off. Later on Thursday, Twitter announced plans to discontinue its Vine app, which had allowed people to share six-second videos. In the absence of a takeover in the near term and any significant signs of growth, Twitter must push for a turnaround as an independent company. Related: What's next for Twitter: Salesforce or the abyss?

Source: CNN October 27, 2016 11:50 UTC