Twitter shares dive after report that Google and Apple won’t make bid

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Twitter shares fell by around 9% on Wednesday after Recode reported that internet giant Google would not be looking to bid social network and it also appears that Apple are also unlikely to be possible suitors.

Although Recode did not reveal their sources it appears that they are confident that the information is correct.

Reuters News Agency was told by people au fait with the matter that negotiations with potential buyers for the sale would be concluded by October 27 – the date that they would report their third-quarter profits.

It is believed that still in the running is Salesforce.com with Alphabet and Walt Disney Co also seriously thinking about making a bid.

Twitter’s stock was last down 9.21 percent on Wednesday.

Twitter has struggled to generate growth in both revenue and profits in recent months and continues to struggle against rival Facebook, despite having around 313 million average monthly active users and an ever increasing presence as a source of news.

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