Is Twitter an Acquisition Target?
The past few months haven’t exactly been easy for Twitter’s CEO Jack Dorsey. Ever since he took back the reigns at the company he co-founded in 2006, he has had to let more than 300 employees go, see several top executives leave and witness his company’s stock price crumble to new lows.
Since the day Dorsey was named permanent CEO of the social media company in October 2015, Twitter’s stock price dropped by 40 percent, shaving more than $6.5 billion off the company’s valuation. Twitter’s market cap currently stands at $11.5 billion, down from almost $40 billion at its peak in December 2013.
Twitter’s low valuation has made the company a subject of acquisition rumors. After the News Corporation had dismissed takeover rumors earlier this year, another rumor surrounding Twitter’s possible acquisition by a group of investors surrounding venture capitalist Marc Andreessen surfaced on Monday. Twitter’s stock price is up almost 10 percent in early trading on Monday, as Wall Street appears to like the idea of tech investor Andreessen getting involved.
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- Most-followed brands on Twitter 2017Most-followed brands on Twitter 2017
- Twitter: number of monthly active users 2010-2016Twitter: number of monthly active users 2010-2016
- Most popular Facebook fan pages 2017Most popular Facebook fan pages 2017
- Leading online social platforms based on reach in the Netherlands 2016Leading online social platforms based on reach in the Netherlands 2016
- Global social networks ranked by number of users 2017Global social networks ranked by number of users 2017
- Share of U.S. internet users who use selected social networks 2012-2016Share of U.S. internet users who use selected social networks 2012-2016
- Media usage in an online minute 2016Media usage in an online minute 2016
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