Twitter Chief Government Jack Dorsey mentioned on Tuesday that he noticed worth within the social media community remaining an unbiased firm, downplaying latest hypothesis by analysts that it could possibly be an acquisition goal.
“I’ve at all times thought that there is plenty of energy to our independence. We are able to work on each gadget. We are able to work via any medium,” Dorsey mentioned in a response to a query on the Goldman Sachs Expertise and Web Convention.
Some funding analysts reignited discuss of a possible Twitter deal final week when Twitter reported a shocking 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, that means an acquisition by anybody could be far more costly than two years in the past.
Shares in Twitter closed at $33.44 on Tuesday, up eight % towards 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