Twitter is Pretty Much Doomed – No One Wants to Buy It

Andrew Anglin
Daily Stormer
October 10, 2016

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Thankfully, Twitter appears to be totally doomed.

This brings into question the viability of heavily Jewing-over your own userbase as a business model.

Fortune:

Shares of Twitter slumped more than 13% in premarket trading on Monday after a weekend Bloomberg report that the social media company was unlikely to receive any bids.

Salesforce.com, Alphabet’s Google, and Walt Disne, which had worked with banks on a potential acquisition, are unlikely to proceed, Bloomberg reported on Saturday, citing people familiar with the matter.

Twitter had planned to hold a board meeting with outside advisers on Friday to discuss a sale but canceled, Bloomberg reported, citing one person familiar with the matter.

Twitter shares plunged about 20% over the final two days of last week after technology website Recode reported that Google, Disney and Apple were not interested in buying the company, which put itself up for potential sale in September.

Salesforce Chief Executive Mark Benioff had publicly expressed his interest in Twitter, but stopped short of saying the company would make a bid.

Twitter’s stock, which closed at $19.85 on Friday, fell to $17.28 in premarket trading on Monday. At that price, the company has a market value of $12.23 billion, compared with almost $53 billion at its peak in December 2013.

This disaster comes after Ricky Vaughn was banned from the site for supporting Donald Trump.