Twitter Waging A Lonely Battle To Survive As Potential Buyers Back Off – Short Positions Suggested
Shares of Twitter Inc. fell around 17% in pre-market trading on Thursday, after nose-diving nearly 10% on Wednesday. The stock has run into rough weather after deep-pocketed buyers seem to be aborting attempts to bid for the social media company.
Without naming any sources, technology news website Recode reported on Wednesday that Google isn’t interested in buying Twitter. Unfortunately, Apple Inc. and Walt Disney Co. were also reported (again citing unnamed sources) to not have any plans to make a bid for the social communications company.
With the departure of Google, Disney and Apple, Salesforce is believed to be the only potential buyer for Twitter for now. However, the company has never confirmed publicly that it wants to go after Twitter. Salesforce CEO Marc Benioff appeared on CNBC on Wednesday and refused to comment directly on the Twitter case.
Sell Stop at 20.70, Stop loss at 22.00, Take profit at 18.00