7 days ago • 1:35 min
Reports out on Monday show activist investor Elliott Management has got its teeth into Salesforce.
What does this mean?
Poor old Salesforce has hit a slump. Sure, the firm’s not quite moping around in its PJs all day and eating Ben and Jerry's from the tub, but it has let itself go: growth’s gone all slack, and the company’s market value has fallen to about half its 2021 peak. And now the down-on-its-luck firm’s caught the eye of activist investors – that’s plucky financiers who buy chunks of companies to dust them off, spruce up operations, and ultimately boost share prices. Big-name Elliott Management has reportedly grabbed a multi-billion-dollar slice of the Salesforce pie, following in t