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Twitter: 140 characters in search of a buyer

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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.

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