Twitter's CEO downplays chatter about possible acquisition - News Summed Up

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Twitter's CEO downplays chatter about possible acquisition


He sees value in the social media networ­k remain­ing an indepe­ndent compan­yTwitter Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target. Twitter to test 280-character tweets, busting old limit“I’ve always thought that there’s a lot of strength to our independence. We can work through any medium,” Dorsey said in a response to a question at the Goldman Sachs Technology and Internet Conference. Some investment analysts reignited talk of a potential Twitter deal last week when Twitter reported a surprising rise in revenue and its first quarterly profit. The Walt Disney expressed interest in 2016, though at the time Twitter shares were trading at about half the current price, meaning an acquisition by anyone would be much more expensive than two years ago.


Source: The Express Tribune February 14, 2018 06:21 UTC


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