Potential buyers are circling around Twitter again, according to a report by Jessica Lessin in The Information. This time it’s big-time tech investor Marc Andreessen in conjunction with private equity firm Silver Lake.
Why would they buy it?
Because Twitter, despite all its problems, still has 300 million users and is on track to book $3 billion in revenue this year, up 50% from last year. Plus, as of last Friday, Twitter stock was cheaper than it’s ever been since the company went public, as this chart from Statista shows. It’s up about 8% this morning, but still well below its IPO price, with a market cap under $13 billion.