Twitter takes a plunge after two suitors get cold feet - News Summed Up

Twitter takes a plunge after two suitors get cold feet


Twitter has never made money and has failed for several years to bring in significant numbers of new users Justin Sullivan/Getty ImagesTwitter’s share price plunged today after two of the company’s suitors were reported to have walked away from takeover talks. The Walt Disney Company and Alphabet, Google’s holding company, will no longer pursue Twitter, the reports said. Twitter shares fell by more than 20 per cent to close at $19.87 on Wall Street erasing the gains made after several suitors emerged at the end of last month. Apple, which had been loosely linked to Twitter, will not bid, according to Recode, the technology news site. This leaves Salesforce, the cloud computing giant,…


Source: The Times October 06, 2016 15:56 UTC



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