Twitter has added 9 million monthly users, 1 million of those in the United States, since co-founder Jack Dorsey was brought back in July 2015 as chief executive to save the almost decade-old company, reports The Wall Street Journal.
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Twitter shares soared by nearly 22 percent, to $22.70, after a report from CNBC said Twitter may soon get a formal acquisition offer, and that the potential buyers include Salesforce.com and Google’s parent company, Alphabet.
CNBC reported earlier on Friday, citing anonymous sources, that Twitter is in talks with companies that include Alphabet’s Google and Salesforce.com, and may receive a formal bid soon.
The shares of Twitter, which currently has 313 million monthly active users, jumped more than 20 per cent on Friday on the sales rumours which have been making the rounds for quite some time now. The stock was up 19 per cent to $US22.22 at 1.05pm on Friday in NY. There has been no official comment from Twitter, Google or any other alleged interested parties so far.
Microsoft Corp.’s $26.2 billion purchase in June of LinkedIn sparked new conjecture on likely candidates for Twitter.
TechCrunch reports that Microsoft, Google, Salesforce, and Verizon are all potentially interested in bidding to acquire Twitter, though nothing is nailed down at this point.
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“The hope for investors would be that under the wing of a big company, it could expand its user base and better monetise those users”, he added.
According to a report from CNBC, Twitter wants to sell.
A sale by the end of the year is a possibility, according to CNBC’s source.
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User growth in the most recent quarter of this year was only around 1%.
