Oct. 17th, 2016

giandujakiss: (Default)
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 deal

[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."
It'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.

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