Twitter Shares Nosedived in Thursday trading read more at here www.spinonews.com/index.php/item/1188-twitter-shares-nosedived-in-thursday-trading

These days Twitter is not having sound hearth, it’s sagging and struggling! 

On Thursday Twitter shares which had soared high on account of speculation, were seen going south ways after few reports which indicated that expected big bidders like Google, Disney or Apple may not show any interest in takeover and stay away from being a part of takeover bid.  

Twitter share was traded 20.1% lower than previous closing.

Marc Benioff, CEO of Salesforce.com, being considered to be one of the more suitable bidder also didn’t show too much of interest during his company’s annual Dreamforce event. 

"We look at everything and we don’t buy most things and we haven’t agreed to buy that company," he stated on Wednesday and underlined that Salesforce.com has a "disciplined M&A process."

On the other hand Twitter is keen to wind up talks on the issue with potential takers before reporting third quarter results in Oct. 27.

Jack Dorsey, Twitter founder had taken over the decks last year to revive the dropping graphs of the company.

As per S&P Global Market trackers who have been watching the stock very closely, five rate it as a buy, one outperform, twenty five in favor of hold, three underperform and seven recommend to go for sell. 

 

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