Twitter shares collapse by a fifth as fears mount over lack of buyers
Shares in micro blogging platform Twitter have sunk by a fifth amidst investor concern over a lack of takeover enthusiasm evidenced thus far.
This follows press reports indicating that Google, Apple and Disney are now thought unlikely to table a bid for the business despite being linked to the firm initially, leaving the way clear for SalesForce as the most likely purchaser still standing.
The latest price move reverses sharp gains recorded over recent months as speculation swirled about a number of potential suitors, fuelling expectations of a bidding war.
Adding to investor unease is a plateauing of its user base at 300 million and a failure thus far to monetise its audience.
For its part Salesforce refuses to comment on speculation surrounding its intentions.