Elliott Management, the activist investor who has pushed for changes at major tech companies such as Pinterest and Twitter, has taken a big stake in Salesforce, a person close to the situation confirmed. The move comes as the enterprise software firm faces challenges both in management and profit growth. Elliott’s appearance follows upheaval in Salesforce’s senior management in recent months....
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Pro Weekly: The Market Sets the Mood
Earlier this month, we asked The Information’s readers how they felt conditions for tech companies would change over the next six months. The results surprised us: Equal numbers of people thought conditions would improve and worsen. That sentiment was less optimistic than we’d seen during the summer and broke a trend of progressively sunnier outlooks since March. We wondered: What gives?The...
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