salesforce.com stock has had one major drop and a big jump with $10 difference. The stock was trading at $249.87 on August 9 then it just sank to costing $240.37 on August 11. By August 13 the stock has risen to the price of $251.56, marking a 4.6% increase in 2 days. The company has a market capitalization of $244.398 billion.
Marc Benioff, the CEO of Salesforce, has been a master of the acquisition front. The company’s recent purchase of Slack Technologies will help it expand its reach to small and medium-sized businesses. If all goes well, sales of the company will reach $50 billion in annual sales by the end of the fiscal 2026. This robust growth rate is expected to continue for the next decade.
Finance and Entertainment Reporter
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