Twitter accelerates product development with significant acquisition activity in 2021
In 2021, Twitter, Inc. (Twitter) accelerated its growth through the acquisition of seven startups, the highest total of acquistions in the past five years. The recent acquisitions drive the company’s product development to keep up with shifting trends and user needs. The purchases of Scroll and Revue improve Twitter’s subscription-based offerings, while acquistions of Breaker and Squad extend the company’s Spaces segment, an audio chatroom.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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