Wall Street doesn’t like the idea of a company that sells lead organization software buying a hugely expensive information cyber railroad that is bleeding out losses on a regular basis.
Shares of CRM are getting lit the fuck up on news that they’re the main suitor bidding for social piece of shit, Twitter. The stock is off nearly $5.
Mizhuo is out with a note saying “we think any deal“ (with $TWTR) will likely destroy $12-$17 bln (20-25% of $CRM value).”
I think the CEO of Salesforce, M. Benioff, has finally lost his marbles. For years he’s been saying and doing stupid shit. By acquiring Twitter, he will obtain the crown jewel of stupid shit, effectively plunging his shareholders into red hell — as he tries to sort out the fuckery that Jack built. It’d be a truly horrible deal.
Shares of TWTR are sharply higher on the news of potential bag holders stepping in to save the company.
Now the stock is just $1.60 away from its ipo price.
If you enjoy the content at iBankCoin, please follow us on Twitter
