Breaking News

No Bids for Twitter

Shares of Twitter (NYSE:TWTR) had been rebounding hard over the past few trading sessions as speculation over a potential buyout continued to drive up the share price. However, the opposite is true Thursday as shares sank ~6%.

Twitter executives met Thursday and while some topics, like cost cutting, were on the agenda investors really just want to know if the company will try to fetch a sale. However, the company reportedly hasn’t received any bids and that’s got investors feeling less optimistic.