snowflake Snowflake IPO Targets $24B Valuation With Unusual Berkshire Backing Cloud data warehouse Snowflake sets an initial IPO price range of $75 to $85 per share, aiming for a valuation up to $23.7 billion. Notably, both Salesforce and Warren Buffett's Berkshire Hathaway commit to major private placements ahead of the public debut.
dow jones Dow Jones Ousts Exxon Mobil After 92 Years in Major Index Shake-Up The Dow Jones Industrial Average removes legacy giants Exxon Mobil, Pfizer, and Raytheon, replacing them with Salesforce, Amgen, and Honeywell to offset Apple's upcoming stock split.
salesforce Salesforce Joins Dow Jones as Index Drops ExxonMobil, Pfizer, and Raytheon The Dow Jones Industrial Average undergoes a major shakeup by adding cloud software giant Salesforce and removing three legacy industrial stocks. This historic shift highlights the growing dominance of the tech sector over traditional oil and pharmaceutical industries.
dow jones Salesforce Stock Swap Leaves Dow Jones Index Lagging Behind The Dow Jones Industrial Average misses out on Salesforce's massive stock surge because the index's rebalancing takes effect a week too late. This timing mismatch highlights a key structural flaw in how the price-weighted index handles major corporate additions.
salesforce Salesforce CEO Benioff Praises Dow Inclusion as Win for Stakeholder Capitalism Salesforce CEO Marc Benioff celebrates his company replacing ExxonMobil on the Dow Jones Industrial Average, highlighting it as a major victory for stakeholder capitalism over traditional oil giants.
dow jones Dow Jones Swaps Exxon, Pfizer, and Raytheon for Salesforce, Amgen, and Honeywell The Dow Jones Industrial Average undergoes a major shake-up as Salesforce, Amgen, and Honeywell replace Exxon Mobil, Pfizer, and Raytheon Technologies. This rare three-stock swap offsets the significant drop in technology weighting caused by Apple's upcoming stock split.
salesforce Salesforce Elevates Bret Taylor to President and COO Role Salesforce expands Bret Taylor's executive duties by naming him president and COO, placing him in direct line to report to Marc Benioff. Industry experts suggest this major promotion signals a long-term succession plan for the CRM giant.
salesforce Salesforce Shifts Marketing Cloud to Microsoft Azure for SQL Compatibility Salesforce moves its Marketing Cloud to Microsoft Azure, citing a deep reliance on Microsoft SQL as the primary driver over competing cloud platforms.
salesforce Salesforce Shifts Marketing Cloud to Microsoft Azure in Surprise Partnership Salesforce moves its Marketing Cloud infrastructure to Microsoft Azure while integrating Teams with its CRM platforms. The deal highlights how enterprise giants set aside rivalries to collaborate in the modern cloud era.
salesforce Salesforce Founder Benioff Warns Startups Stay Private Too Long Marc Benioff argues that delayed IPOs allow bad governance to fester at private companies like WeWork and Uber. He also calls for a national privacy law and declares that traditional capitalism is dead.
salesforce Salesforce Buys ClickSoftware for $1.35 Billion to Boost Service Cloud Salesforce acquires field service software company ClickSoftware for $1.35 billion shortly after closing its massive Tableau deal. The purchase aims to expand the capabilities of Service Cloud and automate field service using IoT data.
black friday Mobile Shopping Dominates Record-Breaking Black Friday Weekend Black Friday 2019 sees record online sales driven largely by mobile devices, marking a major tipping point between digital and physical retail. Despite early fears of a spending slowdown, consumers spend heavily over the holiday weekend.
vlocity Vlocity Reaches $1 Billion Valuation After $60 Million Series C Vlocity secures $60 million in Series C funding, pushing its valuation to $1 billion. The startup builds industry-specific CRM solutions on top of the Salesforce platform across five major verticals.
salesforce Salesforce Keeps Border Agency Contract Despite Employee Protests Salesforce CEO Marc Benioff rejects an employee petition to cancel a contract with U.S. Customs and Border Protection, stating the technology is not used for family separations. The company instead pledges $1 million to help reunite separated migrant families.
salesforce Salesforce Workers Petition CEO to End Border Agency Contract Over 650 Salesforce employees demand the company sever ties with U.S. Customs and Border Protection, citing a conflict with the company's core value of equality.