The day of Twitter's independence may be numbered, as the company is rumored to be in negotiations with top buyout candidates and some of its major stakeholders declared that they would prefer the company acquired.
Chris Sacca
According to CNET, Chris Sacca, one of Twitter's longtime investors said on Tuesday, Oct. 3, that he wants the social network company to be acquired and he is been selling his stock.
Sacca added that, by failing to highlight its most interesting content, the company has fallen short of its potential, despite constant efforts to make the social media platform easier to use. The major investor said that he thinks the social network would be better off if acquired by another big company and that he has already sold some Twitter stock.
The influential tech investor suggested more than a year ago that co-founder Jack Dorsey become Twitter's CEO. Last year, Dorsey indeed took over the position.
Now, Sacca said that he did not see enough changes under Dorsey. Recently, Twitter is rumored to be in negotiations regarding a potential sale with top companies such as Disney, Google and Salesforce.
Peter Fenton
According to Heavy, Twitter board member Peter Fenton owns 3.7 million shares in Twitter. TechCrunch reported that Fenton was one of the first investors in Twitter when the company was just a startup having only 25 employees. However, since a year ago Fenton reduced his holdings by 80 percent.
Steve Ballmer
Former Microsoft CEO and The LA Clippers owner Steve Ballmer bought a 4 percent stake in Twitter in October 2015. However, in March, he told Fortune that Twitter taught him that he didn't want to be an investor anymore.
Evan Williams
Co-founder and Twitter director Evan Williams said that the board will "consider the right options" of selling the company. His comment is actually one of the reasons behind the speculations of an impending Twitter sale.
