Salesforce is so focused on integrating Slack, the workplace collaboration firm it bought last year for $27.7 billion, that major acquisitions are off the table for the foreseeable future, co-CEOs Marc Benioff and Bret Taylor reiterated on multiple occasions during an earnings call . “We continue to look at tactical M&A, but [Slack has become] our most strategic initiative in the company...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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