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Salesforce Drops 7%: A Twitter Bid Not Consistent with Their Strategy, Says BTIG

Shares of cloud computing software giant Salesforce.com (CRM) are down $5.12, or 7%, at $67.50, following a report yesterday by The Wall Street Journal’s Monica Langley suggesting the company is planning to bid for Twitter (TWTR), citing multiple unnamed sources. Twitter, writes Langley, is “expected to field bids this week,” and Salesforce CEO Marc Benioff "has been building a case to Salesforce.
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