Is Twitter About To Be Acquired?

(RTTNews) - Shares of social network company Twitter Inc. (TWTR), jumped over 5 percent on Wednesday, after one of its cofounders Ev Williams dropped a hint during a television interview about the company's sale.

Ev Williams, a Twitter cofounder and board member, was asked by Bloomberg TV about the company's possible takeover, and Williams said that the company must consider its options.

"We're in a strong position now and, as a board member, we have to consider the right options," Williams told Bloomberg TV.

Initially, Williams declined to comment when asked whether Twitter can remain an independent company.

Lately, the market have been speculating an acquisition of Twitter, with Google parent Alphabet Inc. looked upon as a potential suitor.

While last month, rumors said that former Microsoft CEO Steve Ballmer and Saudi Prince Alwaleed bin Talal Al Saud were looking to buy the company.

Twitter's investors have started showing their concern about the social media company as it continues to report weak financial results reflected by its sluggish user growth. The social networking site is struggling to attract new users as it used to. Twitter reported monthly active users of 313 million in the second quarter, up just 3 percent from last year.

TWTR is currently trading at $19.25, up $0.87 or 4.76%, on the Nasdaq.