A report that downplayed thinking Twitter (TWTR) would soon be acquired is knocking shares of the social communications company.
Technology site Recode cited sources close to the situation in saying Google (GOOG) does not currently plan to make an offer for Twitter, while other sources cast doubt on bids coming from Apple (AAPL) and Walt Disney (DIS).
At 10:05 a.m. ET, Twitter shares fell $4.27, or 17 percent to $20.60 a piece.
Twitter’s stock had surged in recent days on media reports that the company was nearing a sale.