If you listen to the financial news, and the financial markets, Twitter is floundering. The company is actively shopping itself to deep-pocketed buyers in hopes of ending the cycle of raised expectations and dashed hopes that has characterized its relationship with Wall Street. But a number of those potential buyers, including Disney and Microsoft, have already passed, and Salesforce.com just told the Financial Times, “We’ve walked away.” The uncertainty about Twitter’s future has made the company’s share price as volatile over the past couple of weeks as a penny stock’s, and has raised questions about the company’s future if no sale materializes.
See the rest of the story at newyorker.com
Related:
Morning Cartoon: Wednesday, October 12thWorkplace by Facebook, or a Party in the OfficeYelling at Amazon’s Alexa
Published on October 14, 2016 06:23