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...Salesforce, which owns workplace messaging platform Slack, confirmed it will sublet part of a floor in its tower in the City of London....
...Top US software companies, such as Adobe, Salesforce and Zoom, have for now ruled out charging extra for the use of generative artificial intelligence, leaving the industry without an immediate revenue pick-up...
...elaine.moore@ft.com...
...leo.lewis@ft.com, sara.germano@ft.com Letter in response to this article:For future reference . . . / From Larry Curtis, Parkland, FL, US...
...richard.waters@ft.com...
...Please tell us what is going on: robert.armstrong@ft.com & ethan.wu@ft.com....
...The dissident shareholders circling Salesforce, including the likes of Elliott Management, knew that changes at Salesforce just required more willpower from Benioff....
...Elliott also nominated several directors to Salesforce’s board ahead of its results at the beginning of March, as part of an effort to force further concessions....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Japan equities: what recession?...
...hannah.murphy@ft.com...
...In today’s newsletter: Activists circle Salesforce Elliott targets Japan Lazard’s venture banking push The activists scrutinising Benioff’s performance As Salesforce’s founder Marc Benioff built a bigger...
...Salesforce shares were up more than 12 per cent in early trading on Thursday....
...Email me at jonathan.moules@ft.com or, if you are reading this in your inbox, hit reply....
...Slack could become the user friendly interface through which Salesforce sells lots of other software to customers, as Benioff claims. But Salesforce’s shopping spree has weighed on its net income....
...[MUSIC PLAYING] You can read more on all of these stories at FT.com. This has been your daily FT News Briefing. Make sure you check back tomorrow for the latest business news. [MUSIC PLAYING]...
...Send us your market metaphors: robert.armstrong@ft.com and ethan.wu@ft.com. Margins: back to normal or impending doom? It’s been clear for a while that swollen margins are getting pinched....
...Salesforce, a big cloud-based software provider, is the latest to sound the alarm....
...Salesforce acquired workplace productivity tool Slack for $27.7bn in 2020, representing a 55 per cent premium to its share price at the time....
...Look at Salesforce “boomeranger” Kendall Collins’ LinkedIn post. Cute huh? Other Salesforce Astro raccoon merch is on eBay (from $9.90) 🧸....
...Salesforce investors are concerned Benioff has become distracted....
...Salesforce expects to incur about $1.4bn-$2.1bn in charges associated with its new restructuring plan....
...“We look forward to working constructively with Salesforce to realise the value befitting a company of its stature.” Salesforce declined to comment....
...Read a transcript of this episode on FT.com...
...Let us know what you expect: robert.armstrong@ft.com and ethan.wu@ft.com....
...patrick.jenkins@ft.com...
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