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US: Salesforce CEO Benioff says Twitter has ‘severe challenges’

 |  October 6, 2016

Marc Benioff, the founder and chief executive of Salesforce.com, showed up onstage on Wednesday afternoon at his biggest customer event of the year to talk up his business technology company’s products and strategy.

But what was arguably the higher-stakes meeting was held later that day. At the plush St. Regis San Francisco Hotel, Mr. Benioff presided over a gathering with Wall Street analysts and investors. His aim: to assuage their concerns about his plan to buy Twitter, the struggling social media company.

“We look at a lot of things,” Mr. Benioff told the room, without directly mentioning Twitter. “The number we acquire is very few.” Still, he said, “it gives us ideas” to look at companies.

For weeks, the technology world has been buzzing about Mr. Benioff’s intentions, after it emerged last month that Salesforce was interested in bidding for Twitter.

Full Content: NY Times

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