Twitter Inc (TWTR)

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What Jack Dorsey Said About Selling Twitter

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Twitter's business is struggling, and its stock price has been pummeled, erasing billions of dollars in market value.

With the current spree of tech acquisitions, highlighted by Verizon's $5 billion deal to buy Yahoo earlier this week, speculation continues to swirl that Twitter could be the next big takeover target.

During the company's quarterly-results conference call on Tuesday, an analyst asked CEO Jack Dorsey why it makes sense for Twitter to continue to operate as an independent company, rather than be bought by a bigger organization with the wherewithal to make the kind of investments that Twitter needs to succeed.

Dorsey's response: Twitter has a lot more room to grow its business, and it wants to go it alone.

Here's the exchange, with Dorsey's full answer to the question:

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