Twitter Shares Tank As Salesforce Reported To Be Out Of The Bidding Process

By Caitlin HustonMarketsMarketWatch Pulse

Shares of Twitter Inc. were plunging 6% Friday after the Financial Times reported that Inc. has walked away from a bid for the social platform. The Financial Times reported that Salesforce CEO Mark Benioff said Twitter was not the "right fit" for his company. Salesforce was one of the last top bidders rumored to be considering a bid for Twitter, with Apple , Google and Disney already rumored to have walked away. Shares of Twitter have fallen 17% week to date compared to the S&P 500's drop of 1%.

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