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posted on 01 October 2016

Twitter Still Isn't Flying High

by Felix Richter,

-- this post authored by Martin Armstrong

Twitter (NYSE:TWTR) is increasingly becoming a takeover target.

After Salesforce and Google, Disney are now reportedly also mulling over an offer for the social networking service. In the short-term, this has been good for Twitter's share price - rising 19% Thursday to Friday. Despite this, Twitter is still by no means flying high.

Having initially floated at 45.10 dollars back in November 2013, the newly invigorated price is still considerably below this mark and the even more so when compared to the high of 73.31 dollars seen in December of the same year. Since this peak, the company's market cap has been slashed to the tune of 23.5 billion dollars. Currently sitting on a value of 16.4 billion, with the important numbers consistently in the red and user growth stalling, any potential buyer will need to come armed with a pretty solid plan to get the little blue bird back in the air.

This chart shows the development of Twitter's share price from 2013 to 2016.

Infographic: Twitter Still Isn't Flying High | Statista

You will find more statistics at Statista.

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