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TWITTER SHARES PLUNGE ON REPORT BIDDERS ARE SCARCE


Twitter Inc (TWTR.N) shares plunged on Thursday as fears mounted that a much-anticipated auction of the social media company will draw minimal interest from potential buyers.With stagnant user growth and continuing losses, Twitter's board agreed last month to consider a sale, and has told potential acquirers it wants such deliberations to conclude by the time it reports third-quarter earnings on Oct. 27, Reuters reported on Wednesday.Technology website Recode reported later on Wednesday that Alphabet Inc's Google (GOOGL.O), long considered the most logical buyer for Twitter, and Walt Disney Co (DIS.N) would not bid for the social network.

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#Twitter #SocialMediaCompany #Google #WaltDisney

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