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Video / 13 June 2016 at 14:04 GMT

Google could buy Twitter: Garnry

Peter Garnry
Saxo Bank head of equity Peter Garnry says that Google is likely to acquire Twitter by the end of this year. 

Twitter has 350 millions users, but it has been a problem for the company to grow its user base. Nevertheless, Peter Garnry says that Twitter has managed to increase its cash flow profitability over the last 4-5 quarters and on a cashflow basis the company is improving rapidly.

Perter Garnry says that it has been difficult for Google to create a social media space stronghold and for that reason he thinks Twitter would be a good fit for Google. 

13 June
fxtime fxtime
Funny I always thought Yahoo were the ones who would pursue something like Twitter as Yahoo really need market presence (and Yahoo has substantial reserves to call on) but Google does seem a better corporate fit. eg Google can manage and develop markets where as Yahoo is perhaps lacking in that area.


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