Disney dropped interest in Twitter partly because of hate speech - Bloomberg

Oct. 18, 2016 4:47 AM ETThe Walt Disney Company (DIS)DIS, TWTRBy: Yigal Grayeff, SA News Editor60 Comments
  • Disney (NYSE:DIS) decided against buying Twitter (NYSE:TWTR) partly due to concerns that the hate speech that's rampant on the social network would undermine Disney's family friendly image, Bloomberg reports.
  • Another reason is that although Twitter has a market cap of almost $12B, it continues to lose money, which brought out some of Disney's largest investors in opposition to a deal.
  • Other potential suitors to end their interest in Twitter were Salesforce and Google.
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