NEW YORK (TheStreet) -- Shares of Twitter (TWTR) are falling by 0.25% to $36.22 in Wednesday afternoon trading, after Flipboard's CEO Mike McCue said that he will not comment on talks that Flipboard will be acquired by Twitter, according to CNBC.
Twitter has been in talks with Flipboard for quite some time about a possible acquisition of the digital magazine app, which could be valued as high as $1 billion, Re/Code reported this weekend.
"If you build something that has value to users, and you have users who are coming in every single day by the millions, these rumors are naturally going to happen," McCue said in an interview with CNBC's "Squawk Alley."
He did however, say that the two companies have a close partnership and that the news reader app will do more with Twitter over time, CNBC added.
For now, the company is planning to focus more on promoting content rather than on apps.
TheStreet Ratings team rates TWITTER INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate TWITTER INC (TWTR) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time."
Highlights from the analysis by TheStreet Ratings Team goes as follows: