Is Twitter becoming the new Yahoo? Once a menace whose early growth rivaled legends like Facebook and Google, Twitter is now struggling to grow and profit.
Gaining only three million new active users over three months, Twitter seems unable to turn a profit—the company lost more than $100 million last quarter. Shares of Twitter plunged 10% in after hours trading last night.
The company is trying new things, like live-streaming sports. Still, many now believe that CEO Jack Dorsey will begin quietly seeking a suitor, similar to how Verizon recently acquired Yahoo for $5 billion.