Google has attempted social media several times, without any impressive results.
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According to CNBC, sources claim that the company has received several expressions of interest from various media and technology companies. Rupert Murdoch’s News Corporation was also reportedly interested in a Twitter acquisition earlier this month. Verizon has not commented on the report.
Twitter Inc. (NYSE:TWTR) shares surged 19.89% to $22.33 as of 11:13 AM EDT today. The company now has a market value of around $16 billion.
Though Twitter might not seem like a natural fit with any of the rumored suitors, he said companies could try to integrate it into existing platforms.
What do you think of a potential Google Twitter buyout?
Shares of Twitter Inc. Lee said he was “surprised” to still hear about Google as a possible suitor. Google is also said to be the frontrunner for securing the bid to buy Twitter. However, the two companies do have very different business models. However, he was quick to respond to his tweets saying that it is his personal view about the company as he loves Twitter. “I simply love Twitter”.
As of the end of the second quarter, the company had an accumulated loss of almost $2.3 billion since its inception.
It faces a battle for users and advertisers with rivals such as Instagram and Snapchat.
Twitter’s stock is down more than 2 percent this year to date.
Rumour of a potential sale came as the company grapples with its slowest revenue growth since going public in 2013.
Attempts to make changes to its interface that might facilitate this have met with fierce resistance from users.
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Because Dorsey has been unable to produce a quality plan to better the company and the site is no longer providing value to its advertisers Twitter’s shareholders made a decision to put the company up for sale. Shares are down approximately 50% compared to their IPO price. The stock closed Thursday at $18.63.
