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Social network shares fall

Twitter suitor withdraws interest in bid

TwitterShares in Twitter slumped after one of its potential suitors ruled out a bid for the social media company.

Cloud software company Salesforce chief executive Marc Benioff said his firm was no longer interested in pursuing a tie-up with the loss-making company.

Google, Apple and Walt Disney have also cooled on a bid.

Twitter’s shares slipped 7% to $16.60 on Mr Benioff’s comments. They leapt  by 20% when talk of a bid surfaced earlier this month, touching $25.

Twitter has stated that it does not expect to make a profit for some time.

 

 



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