Marc Benioff's Salesforce Spent a Record $27 Billion on Stock Buybacks in a Single Quarter to Fight What He Calls the "SaaSpocalypse." Here's Why the Size of That Repurchase Matters.

Salesforce's (NYSE: CRM) stock price has fallen 46% from its previous high amid what CEO Marc Benioff calls the "SaaSpocalypse" -- the fear that artificial intelligence (AI) agents will pressure corporate spending on software-as-a-service (SaaS) products.

https://www.theglobeandmail.com/investing/markets/stocks/NVDA-Q/pressreleases/3829820/marc-benioff-s-salesforce-spent-a-record-27-billion-on-stock-buybacks-in-a-single-quarter-to-fight-what-he-calls-the-saaspocalypse-here-s-why-the-size-of-that-repurchase-matters/