Much is uncertain at Salesforce these days, save for this: The days of the company chasing major M&A deals are over for a long while. The cloud software pioneer is experiencing the most significant slowdown in its history and has thus drawn the attention of activist investors. The latest is Elliott Management, which confirmed a major stake in the company earlier this week. Read More...
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Big Short Investor Michael Burry Isn’t Sold on Salesforce.com. Should You Be?
Although we are only one month into 2023, companies such as Microsoft, Amazon, Alphabet, Shopify, Spotify, and Salesforce.com (NYSE: CRM) have all announced layoffs. One notable investor, Michael Burry, who famously predicted the housing collapse in 2008, has recently called out Salesforce.com in a recent Twitter thread. While investors were pleased to read the news regarding layoffs, Burry believes that this reaction is short-sighted and that tough times are ahead for the customer relationship management (CRM) leader.
