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Twitter is reportedly in conversation with a number of tech companies for a potential sale. According to CNBC, the social company is in talks with the likes of Google and cloud computing company...
The suiters [sic] courting Twitter are said to be interested in the data the company generates from its 313 million active users. However, sources say that, while conversations are ongoing and picking up steam, there's no assurance that a deal will be inked. As a result, Twitter's stocks have soared as high as 23 percent based on the news. Meanwhile, TechCrunch reports that the company has just lost two key staffers, including head of TV Andrew Adashek.
Source: http://www.theverge.com/2016/9/23/13028616/twitter-sale-talks-google-salesforce
(Score: 1) by harmless on Saturday September 24 2016, @07:53PM
Well, your definition of "doing fine" seems to significantly differ from mine:
http://www.marketwatch.com/investing/stock/twtr/financials [marketwatch.com]
They lost over half a million dollar each year for three years now. They never made money; only burned through it.
The problem with Twitter is, there is no obvious method to make enough money from it. If you inject too many ads, the service gets worthless and people leave. If you start charging for the service (which IMHO would be a reasonable approach) people will leave and use another VC-backed service instead.
I don't think there is a solution to this problem until VCs stopp throwing money at ventures whose only opportunity for revenue lies in ads.
And I can't see that happening any time soon.