Twitter stock tanks as Salesforce backs out of bidding

By SETH FIEGERMAN : local10 – excerpt

Salesforce, the last of the big companies thought to be interested in buying Twitter, said Friday that it has backed out of bidding for the social network.

“In this case, we’ve walked away. It wasn’t the right fit for us,” Marc Benioff, CEO of Salesforce, told the Financial Times.

Chi Hea Cho, a spokeswoman for Salesforce, confirmed Benioff’s remarks, but declined to provide additional comment… (more)

Twitter got the famous tax break. How can they lose?