Salesforce.com
Salesforce, known for providing customer solutions service, revealed in December 2020 that it would acquire communication software company Slack Technologies for $27.7 billion. However, just days after announcing the deal, many weren’t impressed, and it caused the stock price of the San Francisco, California-based brand to decrease.
New York hedge fund Kirkoswald Asset Management has placed a lot of trust in Salesforce, though, as it made it its second-largest stock pick. In February 2021, Salesforce revealed it beat fourth-quarter expectations. Subscription revenues of $5.48 billion were a year-over-year increase of 20 percent.
