Salesforce cashed out its Zoom stake last quarter, potentially scoring a 600% return in 14 months
Salesforce sold its Zoom stake last quarter, a regulatory filing revealed this week.
Marc Benioff’s software titan potentially made as much as $600 million in profit, depending on when it sold.
Salesforce bought 2.8 million shares in the video-conferencing group for $100 million in April 2019, and Zoom’s stock price has surged more than 500% since then.
The company also exited its Dropbox position and sold most of its SurveyMonkey shares.
Visit Business Insider’s homepage for more stories.
Marc Benioff’s enterprise-software company spent $100 million to buy about 2.8 million shares in the video-conferencing platform immediately after it went public last April.See the rest of the story at Business Insider
Warren Buffett may have dumped his entire Wells Fargo stake last quarter, finance professor David Kass saysJPMorgan says buy these 19 ‘diamond in the rough’ stocks that have plunged from yearly highs, but are spring-loaded for huge gains aheadTrump’s $400 weekly boost to unemployment insurance won’t increase benefits for jobless Americans anytime soon
Original Source: feedproxy.google.com
Visited 70 Times, 2 Visits today