Salesforce stock price remains in a deep bear market after plunging by over 30% from its highest point this year. CRM was trading at $255, which has pushed its market capitalization from over $353 billion in December last year to $242 billion today.
President Trump reiterated his call on Sunday to deploy the National Guard to San Francisco. However, evidence continues to mount that the city is undergoing a post-pandemic resurgence.
Companies across the U.S. and Europe have been cutting staff, citing the impact of artificial intelligence. There may be more to the layoffs than meets the eye as firms are "scapegoating" the technology to take the fall for challenging business moves such as layoffs, according to one professor.
Shares of Salesforce (CRM -1.11%) moved higher this week after management used its annual Dreamforce conference to reset long-term expectations. The customer relationship management (CRM) specialist now targets at least $60 billion of revenue by fiscal 2030, excluding any contributions from its recent acquisition of Informatica.
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