Courtesy of Benzinga.
The past few months have not been great for Twitter Inc (NYSE: TWTR). Even though founder Jack Dorsey returned as CEO, the company has struggled to get back on track. Since Dorsey took control, a number of top executives have announced their departures and more than 300 employees were fired, leading to a dramatic decline in the stock price.
However, shares of Twitter were trading up more than 5.9 percent on Monday afternoon, after speculation about a takeover once again flooded the Street. This time, it is rumored that Marc Andreessen and Silver Lake Partners have considered making a bid for the social media giant – although spokespeople for both the involved parties declined to comment.
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Other Possibilities
Investors have also played with the idea of Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) acquiring Twitter, taking advantage of its deflated valuation.
In fact, the company’s market cap has fallen from almost $40 billion in late 2013 to less than $11.2 billion.
The chart below illustrates the rise and fall of the company’s stock price between its IPO in November 2013 and the present.
Source: Statista
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Image Credit: Public Domain
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