Jack on Twitter's independence: "we're not constrained by the particular whims of one platform versus another"

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Queen Jack Dorsey Says There's Value in Twitter Remaining Independent
Twitter Inc. Chief Executive Officer Jack Dorsey said there’s "strength" in the social-media company remaining independent, deflecting renewed speculation that it may again be an acquisition target.

"There’s a lot of strength to our independence because we can work on every device, work through every medium," Dorsey said Tuesday at the Goldman Sachs Technology and Internet Conference in San Francisco. "We’re not constrained by the particular whims of one platform versus another."

Twitter shares, which rose 8.1 percent at Tuesday’s close in New York, jumped on several trading days last month on takeover speculation. In a January note to investors, BTIG analyst Richard Greenfield predicted that Twitter will be acquired this year, saying it has become too valuable to remain independent. Reports of acquisition talks regarding the microblogging service first emerged in 2016, with potential suitors including Walt Disney Co. and Alphabet Inc.’s Google.

Twitter has made significant improvements since those talks fell apart without a deal. The company’s shares have more than doubled in the past year, driven by stronger financial performance and changes to the app that are bringing users back to the platform more frequently. Earlier this month, San Francisco-based Twitter reported its first revenue growth in four quarters and its first real profit.

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Photo courtesy Bloomberg