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Twitter gets no love from Disney, Google, Apple

Twitter's shares plunge after a report that the three major companies have no interest in buying the social network.

Twitter's future remains a question mark.

CNET

For weeks, Twitter had been the belle of the ball, with rumors swirling that Google, Salesforce, Disney and Apple were interested in buying the financially troubled social network.

Now, three of the four titans have changed their minds, according to sources in a Recode report, leaving Twitter high and dry as it continues searching for a solution to its struggles. While Twitter's stock rose when rumors of a buyout from Google, Apple and Disney surfaced, shares dropped just as quickly on Thursday, falling nearly 20 percent.

Google, Apple and Disney did not respond to requests for comment.

The rumors leave the remaining potential buyer as Salesforce, a cloud computing company based in San Francisco.

Representatives from both Twitter and Salesforce declined to comment.

Twitter has struggled to grow its user base, even as it adds features like live streams of political debates and sports games. The social media company hasn't been able to keep up with the growth of the massive fan bases of competitors such as Facebook, Instagram and Snapchat creator Snap.

Twitter is hoping to wrap up its sale by October 27, when it releases quarterly financial results.