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Twitter: 140 characters in search of a buyer

Twitter in browser

Why doesn’t anyone want to buy Twitter? After the company’s board met on Thursday, it told CNBC that there were “no bids on the table” and that instead it was exploring cost cuts – an announcement that drove another sell-off in the stock and pushed it down 6%, as shareholders who had hoped to see a September swoop from a tech or media company were disappointed. On Friday the shares were changing hands at around $18 – 20% down this year and well short of their float price of $26 three years ago.


iOS7 Homescreen - WhatsApp

WhatsApp privacy backlash: Facebook angers users by harvesting their data

Stop us if you’ve heard this one: Facebook rolls out a new feature and/or acquires a new company, vowing to protect the privacy of its users’ personal information with its last dying breath. A year or two later, it backtracks and decides it wants spin your data into gold after all – and if users don’t like it, they can delete their accounts.