Twitter's stocks finally recovered last Wednesday amid rumors that the microblogging site has become to the prospect of a possible acquisition from Rupert Murdoch's News Corp.
The company's shares rose by as much as 14 percent to $19.04 during the day's trading, lifting the company's stocks from record lows, according to The Guardian.
However, the prospect of the acquisition was quickly shot down by News Corp immediately, as a spokesman from the news firm stated that the rumors were simply "untrue," once more affecting the social media site's stock prices.
By the end of the day's trading, Twitter's shares were valued at $17.38, far less than the figures it reached during the height of the rumors, but significantly more than its price before the alleged takeover was announced, reported Business Insider.
Twitter's stocks have been under fire lately, mainly due to investors having reservations about the company's capability to increase its user base. It's quickly plummeting value has sparked constant speculation that the microblogging site is due for acquisition.
Matthew Tuttle, CEO of Tuttle Tactical Management, stated that Twitter's troubles might get a very prominent reprieve if it does partner with another agency, according to The International Business Times.
"At this point the best chance Twitter has to survive in the long term is to join forces with a larger, preferably media, outlet. If not, they have a very long and bumpy road ahead of them," he said.
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