If you pay attention to the business news, you may have noticed that Twitter isn't doing too well - its stock price and user base are stagnant. It's been trying to find a corporate acquirer, and in particular, was in talks with Salesforce. But a couple of days ago, Salesforce announced it was walking away. And now there's this:
Twitter trolls were part of the reason why Salesforce walked away from a dealIt's actually heartening to see that Twitter's failure to address harassment is now impacting the bottom line. Gives me a kind of renewed faith in capitalism.
[A]ccording to CNBC's "Mad Money" host Jim Cramer, Salesforce was turned off by a more fundamental problem that's been hurting Twitter for years: trolls.
"What's happened is, a lot of the bidders are looking at people with lots of followers and seeing the hatred," Cramer said on CNBC's "Squawk on the Street," citing a recent conversation with Benioff. "I know that the haters reduce the value of the company...I know that Salesforce was very concerned about this notion."