Rumors Of Twitter's Future Swirl As Board Sets To Meet
SAN FRANCISCO (CBS SF) – Twitter's board of directors may discuss the social network's fate as a standalone company at a meeting this week.
Recode, citing anonymous sources, said the board could to take up the topic of a possible sale.
Rumors of a possible sale were renewed when co-founder Ev Williams spoke to Bloomberg News last week, saying the company needed to "consider the right options" regarding its future. The company's stock price went up 6-8 percent after those comments.
Sources told Recode companies such as Google, Apple or a private equity firm could be among those interested. The company could also explore layoffs or selling off units such as Vine or MoPub.
Twitter has struggled to turn a profit since it was launched in 2006. The social network has also struggled to gain users compared to its competition.