Twitter CEO Downplays Chatter About Possible Acquisition

Twitter CEO Downplays Chatter About Possible Acquisition

Twitter Chief Executive Jack Dorsey mentioned on Tuesday that he noticed worth within the social media community remaining an impartial firm, downplaying current hypothesis by analysts that it may very well be an acquisition goal.

“I’ve always thought that there’s a lot of strength to our independence. We can work on every device. We can work through any medium,” Dorsey mentioned in a response to a query on the Goldman Sachs Technology and Internet Conference.

Some funding analysts reignited speak of a possible Twitter deal final week when Twitter reported a stunning rise in income and its first quarterly revenue.

The Walt Disney Co expressed curiosity in 2016, although on the time Twitter shares had been buying and selling at about half the present value, which means an acquisition by anybody can be rather more costly than two years in the past.

Shares in Twitter closed at $33.44 (roughly Rs. 2,144) on Tuesday, up eight % in opposition to a zero.three % rise within the S&P 500 Index. Dorsey’s feedback got here after the closing bell, and shares had been unchanged afterward.

© Thomson Reuters 2018

Adapted From: Gadgets360

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