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Hannibal X 8 years, 3 months ago.
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Marc Andreessen claims illegal stock market manipulation
Twitter Inc. rebounded from a record low on speculation that News Corp. may be interested in acquiring all or part of it — a possibility that the media conglomerate swiftly denied.
Twitter has long been rumored as a takeover candidate, so once the stock got low enough to spark renewed speculation, it jumped on Wednesday, according to Brian Wieser, an analyst at Pivotal Research. That happened a day after Twitter slumped to a new all-time low, following outages to the company’s website and mobile services over the weekend.
“Looks like opportunistic buying,” Wieser said. “Twitter should have a price floor given potential for acquisition in the long run.”
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