Nightmare day for Twitter on Wall Street. Investors do not seem to have taken well the news of Google's turnaround, which has decided not to present any offer to purchase the microblogging social network, denying the plans announced a few weeks ago.
A veritable shower of sales hit the stock which, two hours after the opening of the NYSE, brought about a fall of 18,48% to 20,27 euros.
For the market, the problem would not only be Google's step backwards, but also the news published by Recode, relating to the disinterest of Disney and Apple.
According to the rumors, therefore, only Saleforce would remain in the running, which however could be disturbed in the negotiation by Microsoft.
A retaliation motivated by the fact that in recent months the cloud computing company had tried in vain to buy Linkedin and is now trying to hinder the purchase by Microsoft claiming that the operation creates Antitrust problems.
Regardless of the battle between the two giants, Salesforce would be ready to put up to 20 billion dollars on the plate, or a third of its entire capitalization, in order to grab a vast "treasure" of data and a brand known by millions of consumers.
Yet, as reported today by the Wall Street Journal, "there are no guarantees that Twitter will attract bids high enough to trigger the sale," given the accounts in the red, the stock market crash and the recent difficulties in user growth.
