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r/stocks
Salesforce stock is probably the worst to own right now and in the next 3 years
Investor summaryBearish
Ex-insider says CRM is doomed by poor innovation, constant layoffs, zero net new customers, and rising startup competition.
Bear points
- Lackluster innovation and poor leadership from the CEO.
- Constant layoffs, offshoring, and acquisitions failing to stop value destruction.
- Zero net new customer growth and loss of key talent to rising startups.
Post body
I have no position but i follow the stock and have had experience from the inside but it seems like this stock is going to tank the company faster than the ceo and their lackluster innovation. I just don’t see how it bounces back. They are laying off people every other month and buying companies, offshoring and still losing value. They’re not getting any net new customers. Its a shame what could have been but i also think they’re laying off the people that will ultimately cause their demise as startups gain more steam in the next year or two.
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