Twitter Inc TWTR 7.04% shares are getting hammered once again on Friday as hopes of a salesforce.com, inc. CRM 1.94% buyout may now be completely extinguished.
Financial Times is reporting that Salesforce has ruled out a bit for Twitter, sending Salesforce shares soaring 5.4 percent and Twitter shares plummeting 6.1 percent.
Remember When?
Benzinga Pro first reported on October 5 that Salesforce’s largest shareholder, Fidelity Management, has been opposed to a potential Twitter buyout from the beginning.
Benzinga Pro followed up with a report on October 6 that a potential Salesforce bid for Twitter was discussed back in early July, but that potential bid represented little or no premium to Twitter’s share price at the time. Twitter’s share price was around $17 at the time.
Since the beginning of 2016, a number of Twitter buyout rumors pushed the stock as high as $25.26 by early October. It seemed every day, there was another report on Twitter bidders, but with very little context. However, potential Twitter suitors have been dropping…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!