During a keynote at the Dreamforce 2023 conference, Salesforce CEO Marc Benioff announced the company’s $1.9 billion cash acquisition of Own Co., a startup specializing in cloud-based data backup tools, with plans to close the deal by January 2025 pending regulatory approval. The move marks a return to significant acquisitions for Salesforce after a period of caution following scrutiny over previous expensive purchases like MuleSoft and Slack. The acquisition reflects a broader trend in the software industry of consolidation and focus on profitability amid a more challenging market landscape for cloud companies.
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Why Altcoins Were Flopping on Friday
On a forgettable Friday, the equities market's decline and concerns over global trade led investors to steer clear of cryptocurrencies, with few showing any positive movement. Ethereum (CRYPTO: ETH) fell nearly 3%, while other notable declines included Solana (CRYPTO: SOL) at 4%, Chainlink (CRYPTO: LINK) at almost 7%, and Dogecoin (CRYPTO: DOGE) dropping over 8%. The ongoing trade war, marked by tariffs from the Trump administration, continued to fuel fears among crypto investors about its...
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