Twitter takeover speculations may be strong, but the company will not be taken over anytime, according to analyst Michael Pachter.

The Wedbush Securities analyst told CNBCs Closing Bell on Thursday, “I think these guys are going to be left to muddle on their own and prove out the business model.”

Twitter, TWTR
Photo by edisona (Pixabay)

Who could buy Twitter?

Twitter’s directors met on Thursday to discuss the company’s future, and it does not have any bidders at present, notes Patcher. The analyst believes Facebook could be a strategic buyer as Twitter serves as an instant source of news.

“I think Facebook really wants to be a media company, and that’s the one aspect of media that they’re really sorely lacking,” Patcher says.

Also Patcher believes there could be some point when Google and Apple might become potential buyers. Microsoft has the capability of buying Twitter, and hence, it too might buy it. The problem with the micro-blogging company at the moment is that its business model is slightly broken and needs to be fixed ASAP.

“Twitter has to figure out what they want to be when they grow up, and what they should want to be is the first source of news for everybody,” the analyst notes.

CEO Jack Dorsey should be given a year’s time to fix the problem, and if he fails, then someone who can fix the problem, should replace him.

Dorsey has only a few more quarters to solve those problems, says CNBC’s Julia Boorstin, citing sources familiar with the mater.

What Twitter’s board may have talked about

On Thursday, Twitter stock declined more than 6% in midday trading because Wall Street had doubts about whether the end result of the board meeting would be the sale of the company. Though the company also released new features for its direct messaging service yesterday, Wall Street was clearly more interested in the meeting,

Twitter’s meeting was supposed to discuss several issues, with the most important and troublesome expected to be the stalled user growth and the challenges the company is facing. Also the board members probably discussed selling off the company and how Dorsey, who is also CEO of Square, splits his time between the two companies, notes Business Insider.

On Thursday, Twitter shares closed down 5.89% at $18.70. Year to date, the stock is down almost 16%, while in the last year, it is down almost 34%.