Oct
11
Hedge Fund Manager Lays Out His Simple Case for Why Twitter Will Still Get Sold
ByThere’s a huge opportunity to slash costs.
Since the morning of Sept. 23, shares of social media platform Twitter Inc. have been trading almost solely based on expectations of imminent M&A activity.
By early October, reports of multiple interested suitors — including Alphabet Inc., Walt Disney Co., and salesforce.com Inc. — had helped shares of Twitter crack the $25 mark for the first time all year. News of a yawning gap between management’s longed-for sale price and that of the would-be purchasers, as well as reports that some potential bidders weren’t interested, soon brought the stock crashing back down to earth, however…
Hedge Fund Manager Lays Out His Simple Case for Why Twitter Will Still Get Sold
