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Zoom Shares Drop 8% After Salesforces Sells Off Its Entire Stake In The Video-Conferencing Company

According to a new regulatory filing, Salesforce has sold all of its 2.8 million Zoom shares after it invested $100 million in the video-calling company's IPO last year. When Salesforce invested in the company in 2019, its plans looked a little different. “Our goal is to be long-term investors,” said John Somorjai in 2019, who is also Salesforce’s Executive Vice President of Corporate Development...