CRM - salesforce.com, inc.

NYSE - NYSE Delayed price. Currency in USD
181.27
-4.67 (-2.51%)
At close: 4:01PM EST

175.51 -5.76 (-3.18%)
After hours: 5:43PM EST

Stock chart is not supported by your current browser
Previous close185.94
Open188.47
Bid177.02 x 800
Ask180.55 x 800
Day's range179.43 - 189.98
52-week range137.87 - 195.72
Volume9,718,502
Avg. volume4,955,055
Market cap160.786B
Beta (5Y monthly)1.22
PE ratio (TTM)202.31
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Salesforce co-CEO Keith Block steps down
    TechCrunch

    Salesforce co-CEO Keith Block steps down

    Salesforce today announced that Keith Block, the company's co-CEO, is stepping down. Block's bio has already been wiped from Salesforce's leadership page. Block spent the early years of his career at Oracle .

  • Bloomberg

    Salesforce Raises Annual Revenue Forecast; Co-CEO Block Departs

    (Bloomberg) -- Salesforce.com Inc. raised its annual revenue forecast, signaling strong demand for the software maker’s growing lineup of cloud-based products after last year’s purchase of Tableau.The company also said Tuesday that co-Chief Executive Officer Keith Block had stepped down, leaving founder Marc Benioff as the company’s lone CEO. And Salesforce announced it had agreed to purchase software company Vlocity Inc. for $1.33 billion. Shares declined about 3% on the news.Sales will be as much as $21.1 billion in fiscal 2021, the San Francisco-based company said Tuesday in a statement. Analysts projected $20.9 billion, according to data compiled by Bloomberg, which is at the top end of what the company had forecast in early December.Benioff and Block have sought to maintain Salesforce’s annual growth rates of more than 25% through frequent acquisitions and international expansion. By the end of the fiscal year, the leader in customer-relations software for the cloud is on target to have doubled its revenue in three years, bolstered by snapping up MuleSoft Inc. in 2018 and Tableau Software Inc. in 2019. Investors have recently been applying pressure on the company to become more profitable.In the fiscal fourth quarter, sales gained 35% to $4.85 billion, marking the second consecutive period of more than 30% year-over-year growth. Analysts, on average, projected $4.75 billion. Earnings, excluding some items, were 66 cents a share, topping analysts’ estimates of 56 cents.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Stocks Fall, Salesforce Earnings & A Strong Buy Renewable Energy Stock - Free Lunch
    Zacks

    Stocks Fall, Salesforce Earnings & A Strong Buy Renewable Energy Stock - Free Lunch

    The coronavirus-based selloff. Quarterly earnings results from the likes of Home Depot. What investors should expect from Salesforce. The episode then closes with why SolarEdge Technologies (SEDG) is a Zacks Rank 1 (Strong Buy) stock right now.

  • Salesforce Earnings Beat in Q4; Co-CEO Keith Block Steps Down
    Investing.com

    Salesforce Earnings Beat in Q4; Co-CEO Keith Block Steps Down

    Salesforce.com said on Tuesday Keith Block has stepped down as co-chief executive and raised its revenue guidance following fourth-quarter results that topped expectations. Marc Benioff is now chairman and CEO of the company, Salesforce confirmed. "We are delighted to raise our revenue guidance for FY21 by $200 million to $21.1 billion at the high end of the range, while expanding our operating margin." Benioff said.

  • Salesforce (CRM) Earnings After The Bell: What To Look For
    Zacks

    Salesforce (CRM) Earnings After The Bell: What To Look For

    This is one of the most attractive enterprise-cloud stocks on the market, with 26 out of 27 analysts calling CRM a buy, but this positive sentiment will be put to the test tonight

  • Salesforce & Square Q4 Earnings Previews: Buy the Tech Stocks for Secular Growth?
    Zacks

    Salesforce & Square Q4 Earnings Previews: Buy the Tech Stocks for Secular Growth?

    What investors can expect from Salesforce and Square ahead of their upcoming fourth quarter earnings releases. Both stocks had been on strong runs in 2020, until the recent market pullback. So, is it time to buy either of the two growth-focused tech stocks?

  • Will Higher Cloud Adoption Aid salesforce (CRM) Q4 Earnings?
    Zacks

    Will Higher Cloud Adoption Aid salesforce (CRM) Q4 Earnings?

    salesforce's (CRM) fourth-quarter fiscal 2020 results are likely to gain from higher adoption of its cloud offerings, aided by expansion of its partner ecosystem.

  • Some Oracle Employees Stop Work in Protest of Larry Ellison’s Politics
    Bloomberg

    Some Oracle Employees Stop Work in Protest of Larry Ellison’s Politics

    (Bloomberg) -- While a wave of employee activism marked by walk-outs and protests has rippled through Silicon Valley the past few years, Oracle Corp. glided along unscathed.Now, a symbol of tech’s old guard is facing the stirrings of a worker uprising as well. People left their desks Thursday at Oracle offices around the world to protest Chairman Larry Ellison’s fundraiser a day earlier for President Donald Trump, according to people familiar with the matter. The protest, called No Ethics/No Work, involved about 300 employees walking out of their offices or stopping work at remote locations at noon local time and devoting the rest of the day to volunteering or civic engagement, said one of the people, who asked not to be identified for fear of retribution.Ellison drew employee ire that most didn’t know existed at Oracle. News of the fundraiser for Trump’s re-election campaign at Ellison’s home in Rancho Mirage, California, spurred a petition at Change.org from some of the company’s 136,000 employees. The workers argued the chairman’s public support for Trump violated Oracle’s diversity, inclusion and ethics policies, and harmed the image of the world’s second-largest software maker.The petition had more than 8,000 signatures as of Thursday afternoon, though it was open to the public and anyone could sign it. Organizers demanded that Oracle and Ellison give money to support a humanitarian cause such as climate change, denounce the Trump administration and commit to diversifying the company’s board.Employees at Alphabet Inc.’s Google, Amazon.com Inc., Microsoft Corp. and Salesforce.com Inc. started mobilizing more than two years ago over a variety of issues, including law enforcement and military contracts, the gender pay gap and the treatment of contract workers.Thursday’s activism at Oracle, a database stalwart founded in 1977, showed cultural differences from the younger companies like Google. Some Oracle workers who participated in the “log off” used vacation time for the protest, the people said. Many had asked the company’s human resources officials whether they would be targeted for participating and didn’t receive a response before the protest, so they took the precaution of participating on their own time, the people said.Others who supported the action, but were leery about the company’s potential response, chose to donate money to charitable groups that oppose Trump administration policies rather than leave work, the people said.Some employees received a warning Thursday when trying to access the protest organizers’ website from a work computer: “Access to this site may not be permitted by the Oracle Acceptable Use Policy. However, if user is authorized and has legitimate business reason to access the requested site, then click below to access. Your access will be logged.”Oracle, however, said the message was an error that was corrected.“The site was not intentionally blocked by Oracle,” said spokeswoman Deborah Hellinger. “It was temporarily blocked by a ‘false positive’ from our McAfee network security and anti-virus software. Once we were notified by employees of this issue, our security team conducted a review, determined that there was no actual security threat, and then whitelisted the site.”Organizers said the protest participation at Oracle’s headquarters in Redwood City, California, seemed more muted than in other locations, such as New York City and Austin, Texas, which have more young workers.The organizers hope Thursday’s action is the first effort to voice concerns about the company’s policies, and employees will continue to feel motivated to speak out, one of the people said.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Buy Salesforce (CRM) Stock at New Highs Ahead of Q4 Earnings?
    Zacks

    Buy Salesforce (CRM) Stock at New Highs Ahead of Q4 Earnings?

    Salesforce stock has climbed over 19% in 2020. The question investors need to ask themselves is should they buy Salesforce stock at new highs before it reports its Q4 fiscal 2020 financial results on Tuesday, February 25?

  • salesforce (CRM) to Post Q4 Earnings: What's in the Cards?
    Zacks

    salesforce (CRM) to Post Q4 Earnings: What's in the Cards?

    salesforce's (CRM) fourth-quarter fiscal 2020 performance is likely to have benefited from solid growth across its cloud offerings and acquisitions.

  • Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Salesforce.com (CRM) closed at $192.87, marking a +0.93% move from the previous day.

  • Infosys is acquiring Simplus for $250M to grow its Salesforce consulting arm
    TechCrunch

    Infosys is acquiring Simplus for $250M to grow its Salesforce consulting arm

    Infosys is a huge consulting organization based in India, which works with clients as they implement complex software integrations. Today, the company announced it was buying Simplus, a Salesforce integration consultant, for $250 million. It brings a wide range of Salesforce consulting, training and integration services along with general Salesforce expertise, which Infosys hopes to put to work.

  • Bloomberg

    Snowflake Vaults to $12 Billion Valuation, Partners with Salesforce

    (Bloomberg) -- Snowflake Inc., a maker of cloud-based databases, raised $479 million in its latest funding round, boosting the company’s valuation to $12.4 billion. It also announced a strategic partnership with Salesforce.com Inc.Snowflake sells a type of database that compiles information from various sources so it can be analyzed. The company competes against Amazon.com Inc.’s Redshift product as well as those from industry stalwart Oracle Corp., which has stumbled in the cloud-computing market. Snowflake’s use among clients more than tripled in 2019, making it the fastest-growing cloud-based business software product, according to Okta Inc.’s annual Business @ Work report last month. Snowflake’s new valuation will boost it to No. 13 among global startups, according to data from CB Insights. The company previously was valued at $3.9 billion.The increased valuation came about as part of the new relationship with Salesforce, Frank Slootman, Snowflake’s chief executive officer, said Friday in an interview. “They want to invest in the company as a condition of the partnership,” he said. “They want to benefit from the upside from them being a partner.”Salesforce Ventures, the investment arm of the customer-relations software maker, and Dragoneer Investment Group, which led the fundraising, each contributed half of the round, he said.Slootman said the company recently added two new female board members, Kelly Kramer, the chief financial officer of Cisco Systems Inc., and Teresa Briggs, a former executive at Deloitte LLP. Snowflake is preparing to make the leap to the public markets by the end of 2021, Slootman said.Existing Snowflake backers, including Altimeter Capital, Iconiq Capital, Madrona Venture Group and others, are expected to participate in another investment closing “within the next few weeks,” according to Snowflake.Snowflake said its alliance with Salesforce will involve products, marketing and sales efforts. It will release further details on the relationship in June. Slootman said that Salesforce and Snowflake will make it easier to transfer data between their systems, a process he currently describes as “clunky, slow, and expensive.”In some past instances, Salesforce has eventually acquired portfolio companies. To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Twilio Gives Disappointing Earnings Forecast on Rising Costs

    (Bloomberg) -- Twilio Inc. gave a forecast for full-year results that fell far short of analysts’ estimates, reflecting the software maker’s rising costs in its efforts to expand.The company expects to report a loss, excluding some costs, of 20 cents to 14 cents a share in 2020. Analysts, on average, projected profit of 24 cents, according to data compiled by Bloomberg. Annual sales will be as much as $1.49 billion, San Francisco-based Twilio said Wednesday in a statement, representing a significant decline in the company’s revenue growth rate.Twilio Chief Executive Officer Jeff Lawson has assembled a broad set of cloud-based capabilities that help companies embed communications systems in their apps and on their web pages. He has sought to hire more sales people and expand internationally, increasing the company’s operating expenses.“We’re investing for growth, for capturing a really large market opportunity that’s ahead of us,” Lawson said in an interview. “I believe growing profits at this stage would really be a mistake.”A year ago, the company completed the largest acquisition in its history, buying SendGrid, which competes with Salesforce.com Inc. and others in helping clients send marketing emails. Twilio has traditionally focused on displacing legacy communications systems and selling directly to software developers. Wall Street has been closely watching progress in the company’s product Flex, which helps businesses set up contact centers to provide customer service.Twilio’s shares fell more than 4% in extended trading after closing at $127.15. The stock climbed 10% in 2019.The software maker also forecast an adjusted loss of 9 cents to 11 cents a share for the current quarter, which ends in March. Fourth-quarter revenue was $331.2 million, up 62% from the same period in 2018, and higher than analysts’ projections of $312.7 million.Twilio’s revenue grew 75% in 2019, but that will slow to as much as 31% in the current year. Lawson said it has gotten harder to maintain the company’s earlier torrid pace of sales growth as it gets larger.“We’re incredibly proud of the growth rate that we’re at now,” Lawson said. “if you look at all the software companies who have hit the $1 billion revenue mark, Twilio is the fastest growing company at this scale.”(Updates with additional results starting in sixth paragraph.)To contact the reporters on this story: Nico Grant in San Francisco at ngrant20@bloomberg.net;Nikitha Sattiraju in New York at nsattiraju@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • LinkedIn CEO Jeff Weiner Steps Down After 11 Years
    Bloomberg

    LinkedIn CEO Jeff Weiner Steps Down After 11 Years

    (Bloomberg) -- LinkedIn Chief Executive Officer Jeff Weiner, who turned the job-search company into a global social network for professional users before steering it through a sale to Microsoft Corp., will step down. Ryan Roslansky, currently senior vice president of product, will become CEO effective June 1.Weiner, who was LinkedIn’s CEO for 11 years, will become executive chairman, the company said Wednesday in a statement.LinkedIn founder Reid Hoffman hired Weiner, 49, in 2008, and he brought on Roslansky later that year. The two helped take the company from a basic job board where resumes were posted to a community of almost 675 million people that is a resource for employment opportunities and online corporate networking. Microsoft spent $26 billion for LinkedIn in 2016 to increase revenue from internet-based software and reinvigorate a customer and sales management business that had fallen far behind companies such as Salesforce.com Inc.Weiner, who guided LinkedIn through its initial public offering before the Microsoft acquisition, said the company has become central to helping people “navigate the global economy in the 21st century.”“Despite the scale and impact we’ve achieved thus far, it still feels like in many respects we’re just getting started,” Weiner said in an email to employees posted on LinkedIn.During Weiner’s tenure, LinkedIn’s revenue increased to more than $7.5 billion in the past 12 months from $78 million annually when he took over, the company said. He said the strength of the business made now a good time for the change. The enterprise social network has been working to boost user engagement, connect the online site to Microsoft’s customer and sales software and build up a training and professional development business.When Microsoft announced the deal, industry watchers said it was essential for the software giant to convince Weiner, a popular leader who insisted on a commitment to LinkedIn’s culture, to stay longer than the usual two to three years for an acquired CEO. It will now fall to Roslansky to keep LinkedIn’s strategy and culture moving forward. Microsoft’s decision to appoint a new CEO, resisting the temptation to fold LinkedIn into the Redmond, Washington, mothership, indicates a commitment to independence from a parent company that once made short-lived promises toward the separate identity of its acquisitions.Roslansky has served in leadership roles in almost every part of LinkedIn’s business. He was instrumental in developing LinkedIn’s influencer program and publishing platform. Most recently he has been the network’s head of product and has overseen an attempt to reshaping the consumer and enterprise applications into one ecosystem. Roslansky will report to Microsoft CEO Satya Nadella.Weiner said he began talking to Nadella about the shift last summer. He said he has been increasingly focusing on initiatives outside his role as CEO of LinkedIn, which made a change logical.Tomer Cohen, currently vice president of marketing solutions, will replace Roslansky as head of product.Separately, Microsoft announced executive shifts in its Windows and Office units, with Surface chief Panos Panay gaining oversight for Windows software and experiences.Brian MacDonald, who led Microsoft’s rival to Slack Technologies Inc., called Teams, is retiring and will be replaced by Jeff Teper, a longtime Office executive who was one of the people who originally hired Nadella at Microsoft.Joe Belfiore, a veteran Windows executive who has been working on Microsoft’s browser software, will be taking a leave. He will return to a role in the Office business.(Updates with additional Microsoft changes in the 11th paragraph.)\--With assistance from Molly Schuetz.To contact the reporter on this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Buy this Cloud-Based Business Services Stock After Earnings on Strong Growth?
    Zacks

    Buy this Cloud-Based Business Services Stock After Earnings on Strong Growth?

    ServiceNow posted stronger-than-projected Q4 2019 results on January 29. Analysts have since raised their fiscal 2020 and 2021 earnings estimates for the fast-growing, cloud-focused business services firm...

  • Why We’re Not Impressed By salesforce.com, inc.’s (NYSE:CRM) 1.7% ROCE
    Simply Wall St.

    Why We’re Not Impressed By salesforce.com, inc.’s (NYSE:CRM) 1.7% ROCE

    Today we'll evaluate salesforce.com, inc. (NYSE:CRM) to determine whether it could have potential as an investment...

  • Salesforce.com (CRM) Dips More Than Broader Markets: What You Should Know
    Zacks

    Salesforce.com (CRM) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Salesforce.com (CRM) closed at $181.77, marking a -0.59% move from the previous day.

  • SAP Cloud Forecast Wobbles as Co-CEOs Plan Era After McDermott
    Bloomberg

    SAP Cloud Forecast Wobbles as Co-CEOs Plan Era After McDermott

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.SAP SE raised its outlook for adjusted operating profit but cloud revenue forecasts wavered, as the software giant’s new chief executive officers’ plot how to compete with U.S. rivals.Europe’s biggest tech company by market value has spent the past few years concentrating on growing its cloud business.However SAP’s fourth-quarter results were “mixed,” analysts at MainFirst said, adding that while licenses and operating margins were ahead of predictions, cloud revenues came in below expectations.The company’s shares fell as much as 2.7% in early trading Tuesday.The results mark the first full quarter under co-CEOs Christian Klein and Jennifer Morgan, after chief Bill McDermott stepped down in October after 10 years at the helm.McDermott spent $26 billion on six major cloud acquisitions and was the main advocate for the $8 billion acquisition of cloud-software company Qualtrics International Inc., the company’s largest-ever deal.Klein and Morgan must find ways to compete with younger companies like Salesforce.com Inc. and Workday Inc. while encumbered by a traditional enterprise software business.SAP reported a 25% increase in new cloud bookings to 2.27 billion euros ($2.5 billion) for 2019, but reduced its guidance for 2020 cloud revenue growth, while the mid-point of operating-profit growth was below prior guidance.Over the fourth quarter, revenue at the Qualtrics business hit 156 million euros.One of SAP’s biggest customers moved a large chunk of its business to the cloud, which contributed 10 percentage points to the total new cloud-bookings growth of 19%. This suggests that new growth, excluding this contribution, was in high single digits, analysts at MainFirst said.Lower growth in the high-margin cloud business is also likely to weigh on the company’s overall profitability, Jefferies analyst Julian Serafini said in a note on Tuesday.SAP lifted its estimates for adjusted operating profits to 8.9 billion euros to 9.3 billion euros, from 8.8 billion euros to 9.1 billion euros. That compares with an average analyst estimate of 8.82 billion euros, according to estimates compiled by Bloomberg.“We are running our business at a global scale quite resilient against any kind of geopolitical tensions and trade sanctions in the world,” Klein said in an interview with Bloomberg TV Tuesday.For the fourth quarter, SAP reported adjusted operating profit rose 12% to 2.84 billion euros, compared with an estimate of 2.85 billion euros. Revenue rose 8.3% to 8.05 billion euros, compared with estimates of 8.09 billion euros.(Updates with comments from SAP co-CEO Christian Klein and additional context)\--With assistance from Kit Rees.To contact the reporter on this story: Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Japanese Rock Star Yoshiki Is Investing in Cloud Computing
    Bloomberg

    Japanese Rock Star Yoshiki Is Investing in Cloud Computing

    (Bloomberg) -- Japanese rock star Yoshiki and software giant Salesforce.com Inc. are backing cloud consulting firm Uhuru Corp. in its next fundraising round, a person familiar with the plans said.Tokyo-based Uhuru is planning to raise 15 million pounds ($20 million) to 20 million pounds, the person said, asking not to be identified because the plans are confidential. Salesforce, which currently holds 4.7%, and Yoshiki will be minority holders after the funding round, the person said.Uhuru had planned to list on London’s Alternative Investment Market last year, but backed off after uncertainty over the U.K.’s plans to leave the European Union dampened interest in new issues. The company specializes in “digital transformation,” helping construct networks as well as offering data analytics, consulting and marketing services.@YoshikiOfficial in a club in Tokyo. Japan is full of surprises. pic.twitter.com/wG5RW4G5i7— Marc Benioff (@Benioff) April 11, 2019 Yoshiki, a classical pianist and leader of the rock band X Japan, is friendly with Salesforce co-founder Marc Benioff, who has tweeted clips of the two singing karaoke in Tokyo in April. Yoshiki, who’s been performing for more than 30 years, has played at the Lollapalooza and Coachella music festivals and at Carnegie Hall in New York.No final decisions have been made and the backers could still decide against investing. Representatives for Uhuru, Yoshiki and Salesforce declined to comment.The company lists its main shareholders as including SoftBank Group Corp., Dentsu Group Inc., NEC Corp. and Salesforce on its website. It generated $35 million in revenue in 2018, according to the Financial Times.\--With assistance from Nico Grant.To contact the reporter on this story: David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Amy Thomson, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Salesforce Encouraged Employees to Expense Co-CEO Marc Benioff’s Book
    Bloomberg

    Salesforce Encouraged Employees to Expense Co-CEO Marc Benioff’s Book

    (Bloomberg) -- Marc Benioff’s latest book, about the need for a gentler capitalism, became a national bestseller. The company he co-founded, Salesforce.com Inc., helped boost sales by encouraging employees to buy and expense the book published last October.The software maker sent a memo to its 48,000-member workforce last fall offering reimbursement if they purchased Benioff’s latest book, “Trailblazer,” the company said. Salesforce said it considers the book to be “business material.”“Our employees were invited to expense a copy and spread the word,” a Salesforce spokeswoman said in a statement. “‘Trailblazer’ was inspired by our employees, so of course we wanted to get it in their hands, as well as our customers’, partners’ and anyone else wanting to learn how business is the greatest platform for change.”“Trailblazer: The Power of Business as the Greatest Platform for Change” is the fourth book co-written by Benioff. On its website, Salesforce touted it as an “instant” New York Times bestseller. It was No. 1 on the Wall Street Journal’s bestseller list. The billionaire’s books have served to bolster his reputation in the technology industry, especially, “Behind the Cloud,” about building his business applications company.While the exact calculations behind the bestseller lists are shrouded in secrecy, the consensus in the publishing industry, according to the news website Vox, is it takes at least 5,000 books sold in a week to make the New York Times’ list.Proceeds from “Trailblazer” sales were donated to charity, the company said.“Trailblazer” tracks Benioff’s public journey deeper into social and political causes in recent years, including how to leverage his influence as a tech leader on issues he cares about including education and homelessness. In the book, Benioff declares that capitalism is “dead” and must be replaced by a system guided around more than just the interests of shareholders. He also called for higher taxes on the wealthy and more regulation on the tech industry.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys
    Zacks

    The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys

    The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys

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