VideoThe social network site Twitter is talking with Salesforce.com, Google and others over a possible takeover of the company, people briefed on the discussions said on Friday. At the same time, Twitter is weighing a possible revamping of the company that could involve divestitures and layoffs. Shares of Twitter, which is based in San Francisco, surged after CNBC reported that the company had received takeover interest. Nonetheless, the stock was trading below the price at which Twitter went public — $26 a share — in November 2013. Since its splashy debut on the public markets, Twitter has struggled to grow while battling competition from rivals old and new.

Source: New York Times September 23, 2016 18:33 UTC