What the fuck is going on here? How is it that markets are more or less at all time highs, unemployment is at record lows — yet the fuckers at the Fed are going to cut rates THREE TIMES before 2020? This is now being priced in. I want you, the unwashed reader class pleb, to explain that to me.
In other news, CRM is buying DATA in an all stock deal. What else would they use — cash? Pffffff. This should light a fire under SAAS stocks. Since I bought on on Friday, I am pleased.
On the heels of Google buying analytics startup Looker last week for $2.6 billion, Salesforce today announced a huge piece of news in a bid to step up its own work in data visualization and (more generally) tools to help enterprises make sense of the sea of data that they use and amass: Salesforce is buying Tableau for $15.7 billion in an all-stock deal.
The latter is publicly traded and this deal will involve shares of Tableau Class A and Class B common stock getting exchanged for 1.103 shares of Salesforce common stock, the company said, and so the $15.7 billion figure is the enterprise value of the transaction, based on the average price of Salesforce’s shares as of June 7, 2019.
And then we have a litany of Trump tweets to not discuss. I’m tired and bored of the same routine. We should simply expect to be surprised at all times.
Oh, and Justin Bieber challenged Tom Cruise to an MMA styled fight on Twitter.If you enjoy the content at iBankCoin, please follow us on Twitter