From the past few weeks twitter is in the news. A few tech giants are looking at it like it’s lunch time including Disney which is not a tech giant but why does it want to buy twitter? Maybe because they want the limit more than 140. The road has never really been easy for twitter, at its first day at NASDAQ, twitter failed to entertain investors who purchased the stock during the day and held it to the close. The popularity of Twitter is still high in the skies, but it’s financially challenged. Twitter’s stock opened at $45.10, peaked at $50.09 a share, and closed at $44.90, slightly below the opening price (Too much wolf of the wall street stuff?).
When Twitter came in 2007, Yahoo! tried to buy the nascent social network for a then-whopping $12 million. From Mark Zuckerberg to Demi Moore and Ashton Kutcher, everyone tried to tame the tweeting monster, but it didn’t turn out to be a sell out at that time. Having more than 400 million users, Twitter is a sinking gold ship. Now it’s for sale! Well, what company isn’t?
Since Twitter is having difficult times coming out of the financial crisis, Salesforce, Disney and Google seemed interesting in helping it for a large chunk. Twitter is world largest new breaker as well, have ever heard someone say “Did you see what Trump said on SnapChat?” Or, “I can’t believe Clinton posted that on Instagram!” Instead, the conversation is all taking place on Twitter. But it is said that Twitter will lose this hype after 8th November.
But the river is not aggressive anymore, Salesforce has now lost all its interest in the bird and is now looking for another potential target to acquire. Disney pulled out (Yeah, the troll attacks) because of the company’s toxic image. Who’s left? Google, Microsoft and Verizon. Now, the hyped is almost killed that twitter is for sale. It’s stocks dropped by 7% this week and it seems that Twitter is going through a lot.
Who will buy Twitter? Like we don’t wanna know, right?