Twitter (NYSE:TWTR) Reportedly in Talks to Get Acquired, Salesforce Being One Suitable Firm

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Twitter (NYSE: TWTR), according to people familiar with the matter, is in talks to be acquired, and while Salesforce does seem similar a suitable firm that could takeover the social network, other companies too seem like potential suitors.

In Addition to Salesforce, Twitter (NYSE: TWTR) Has Also Reported to Be in Talks With Google

According to the Wall Street Journal, Salesforce (NYSE: CRM) is because a takeover of Twitter (NYSE: TWTR) and the market likes information technology for Twitter (up twenty.iv% today) merely is hammering Salesforce (NYSE: CRM). Talks are still in the preliminary stages though and it's possible that other suitors volition materialise. While Salesforce tin exist considered as a suitable company to takeover Twitter (NYSE: TWTR), there are others that can exist regarded as beingness equal to the American deject calculating company. According to Reuters, Twitter (NYSE: TWTR) had a market place value of virtually $thirteen billion as of Thursday's close, which is nowhere near its market place value of $40.7 billion, which was back in Dec 2022.

Later CNBC reported on a possible acquisition of the social network, shares of Twitter (NYSE: TWTR) rose 20 percent to $22.44 on Fri morning. Previously, the company's stock had fallen by thirty percent over the by twelvemonth. Salesforce's Vala Afshar also outlined his own personal views every bit to why the cloud calculating house would acquire Twitter (NYSE: TWTR) and they have been listed beneath courtesy of his Twitter (NYSE: TWTR) account. It was later revealed that these were just his personal views on the matter and not of the company.

• Personal learning network
• The best existent-time, context-rich news
• Democratize intelligence
• Neat identify to promote others

It is highly possible that other firms like Google, Verizon and Microsoft would exist interested in acquiring Twitter (NYSE: TWTR) because of the data generated courtesy of its 313 meg active users, co-ordinate to The Verge. Though the social network has brought forth new features such equally social video and provides users with a seamless and effortless update regarding news related to their interests, its user growth has stalled. This has obviously resulted in revenue dropping and proceed in mind that this has happened in the 2 years since CEO Jack Dorsey took the helm.

Since a turnaround could look less likely as time passes, more talks of a takeover could start commencing in the coming months. Ev Williams, co-founder told Bloomberg last month stating that the company would consider the correct options in regards to an conquering, and Twitter's stock jumped 5 percent as a upshot of that interview.

Twitter (NYSE: TWTR) hasn't had the greatest earnings for several years running now and monetising its user base is obviously something the firm has been trying to do with limited success. Others may experience that they have a better route to achieving such ends. What reasons practice you lot believe these companies could have in acquiring Twitter (NYSE: TWTR)? Tell us your thoughts.

Source: https://wccftech.com/twitter-nysetwtr-reportedly-talks-acquired-salesforce-suitable-firm/

Posted by: jeremiahcamagirse.blogspot.com

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