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

Alexei OreskovicApr 27, 2016, 05:53 IST

Getty Images/ Brian Ach

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.

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

NOW WATCH: A tech company made a new type of solar panel that's about to turn the energy industry upside down