Twitter Inc (TWTR) Stock: Takes A Dive As Salesforce.com, Inc. (CRM) Backs Out!

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.

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Salesforce.com, Inc. (NYSE:CRM) Backs Off Twitter Inc (NYSE:TWTR) Acquisition Hopes

Recently, we heard that Google’s parent company, Alphabet was no longer interested in acquiring Twitter Inc (NYSE:TWTR). Of course, the stock took a dive on the news. Today, more news is coming out, and it’s not good.Earlier today FT reported that TWTR lost Salesforce.com as a possible buyer. After Alphabet dropped out of the race, the next company that was most likely to buy the company was Salesforce.com, Inc. (NYSE:CRM). However, with today’s news, that’s no longer the case. At this point, it seems as though an acquisition isn’t going to happen, and TWTR is doomed to further declines.
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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!

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Note: This article is written by Joshua Rodriguez and originally published at CNA Finance.