Salesforce dumps Zoom shares after more than tripling its money since 2019 IPO
Salesforce more than tripled its money on Zoom, after investing $100 million in the video-calling software vendor’s IPO last year.
According to a regulatory filing published on Monday, Salesforce sold all of its 2.8 million Zoom shares in the second quarter. Through its venture arm, Salesforce has invested in numerous cloud software companies in recent years, though its only remaining public holding is in SurveyMonkey, according to the filing.
Zoom went public at $36 a share in April 2019. Th…