Its stock tumbling and potential suitors losing interest, the social network's fate is the talk of Silicon Valley.
Its stock tumbling and potential suitors losing interest, the social network's fate is the talk of Silicon Valley.
It's the latest guessing game in Silicon Valley: What will happen to Twitter? Though the company continues to grow its revenue, losses are mounting and it hasn't meaningfully increased its user base in the last year. It's pivoted by marketing itself as a hub for live news and entertainment, with some buzz surrounding its NFL and debate live streams, but it's still too soon to tell if that transformation will work. A month ago, it was being actively pursued by Disney, Google, and Microsoft, however they all lost interest and now Salesforce seems to be its last potential suitor, causing its stock to tumble in value below the pre-rumor price.
Read Full Story
Published on October 14, 2016 05:00