UK Markets close in 6 hrs 31 mins
  • FTSE 100

    7,451.07
    +45.62 (+0.62%)
     
  • FTSE 250

    18,573.31
    +79.48 (+0.43%)
     
  • AIM

    801.45
    +1.03 (+0.13%)
     
  • GBP/EUR

    1.1388
    +0.0025 (+0.22%)
     
  • GBP/USD

    1.2261
    +0.0030 (+0.2477%)
     
  • BTC-GBP

    22,714.68
    +128.02 (+0.57%)
     
  • CMC Crypto 200

    605.62
    -12.77 (-2.06%)
     
  • S&P 500

    3,970.99
    +22.27 (+0.56%)
     
  • DOW

    32,237.53
    +132.33 (+0.41%)
     
  • CRUDE OIL

    69.48
    +0.22 (+0.32%)
     
  • GOLD FUTURES

    1,970.10
    -13.70 (-0.69%)
     
  • NIKKEI 225

    27,476.87
    +91.62 (+0.33%)
     
  • HANG SENG

    19,567.69
    -347.99 (-1.75%)
     
  • DAX

    15,103.58
    +146.35 (+0.98%)
     
  • CAC 40

    7,077.40
    +62.30 (+0.89%)
     

Big Short Investor Michael Burry Isn't Sold on Salesforce.com. Should You Be?

Big Short Investor Michael Burry Isn't Sold on Salesforce.com. Should You Be?

Although we are only one month into 2023, companies such as Microsoft, Amazon, Alphabet, Shopify, Spotify, and Salesforce.com (NYSE: CRM) have all announced layoffs. One notable investor, Michael Burry, who famously predicted the housing collapse in 2008, has recently called out Salesforce.com in a recent Twitter thread. While investors were pleased to read the news regarding layoffs, Burry believes that this reaction is short-sighted and that tough times are ahead for the customer relationship management (CRM) leader.