Twitter Inc (NYSE:TWTR) is having an incredibly rough time in the market at the moment, and for good reason. The company has been climbing as it was announced that companies like Alphabet Inc (NASDAQ:GOOG), Salesforce.com, Inc. (NYSE:CRM), and others were interested in acquiring it. However, one by one, these companies have backed off of the TWTR acquisition goal.
Salesforce.com, Inc. (NYSE:CRM) Backs Off Twitter Inc (NYSE:TWTR) Acquisition Hopes
What We’re Seeing In The Market
As you could imagine, TWTR is taking a dive. Currently (1:38), the stock is trading at $16.73 per share after a loss of $1.06 per share or 5.96% thus far today.
What We Can Expect To See Moving Forward
At the end of the day, Twitter has one big problem. The company can’t seem to bring users in and retain them as active users on the network. As a result, growth simply can’t happen for long. Now, the company is in dire straights and has decided to sell. However, with Salesforce.com backing out of the running, the goal of being acquired seems to have slipped away. At the moment, things aren’t looking good for TWTR. So, I’m expecting to see more declines ahead!