The social media site’s shares shot up 11.6% in the first hours of trading, but have dropped to just a 5% increase.
The jump came after a report that tech investor Marc Andreessen and investment firm Silver Lake Partners were considering a deal with Twitter.
Hours later, Fortune reported Silver Lake was not interested in any deal.
“Silver Lake has no interest in acquiring even a slice of Twitter,” the Fortune report said.
Neither story reported any details of the potential deal or the names of the sources, but the speculation was enough to send Twitter’s share price bouncing.
The company has been struggling to boost its profits.
Twitter is looking to appoint two new board members and a new chief marketing officer ahead of its quarterly profit report on February 10.
The company’s shares are down more than 60% from their April highs.
Twitter has struggled to attract new users, leading investors to question whether it has the staying power and growth potential of rival social media sites.
Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…
Millions of voters across the US chose to return Donald Trump to the White House…
Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…
Stocks around the world are rising as Donald Trump appears to be on the cusp…
Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…
Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…