Twitter CFO hints that he's itching to spend company's $3.5 billion on 'game changing' acquisitions

Twitter's plummeting stock price has led to occasional chatter about it being a buyout target.

But with $3.5 billion in cash on its balance sheet, Twitter views itself as a buyer of other tech companies.

During Twitter's Q1 conference call on Tuesday, CFO Anthony Noto hinted that the company may be about to embark on a corporate shopping spree. Of particular interest to Noto are so-called ad-tech companies, the behind-the-scenes nuts-and-bolts systems that underpin the Internet's automated-advertising economy. Read more...

Source: businessinsider.com

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