This company is disgustingly and ridiculously overpriced, the legendary Michael Burry lashed out at the software giant
Burry's on the rampage again. For several years they have been talking repeatedly about the exorbitant prices of the whole sector or even the market. But this time he has taken on a particular company! Who does he blame for the exorbitant price?
Burry has often made public comments to the effect that the entire market is still not right and is marked by a long period of prosperity and ill-advised retail investments. That has changed a bit recently as the markets have been awash in the blood of overpriced tech stocks and unsophisticated investors. But despite that, Burry still thinks some companies aren't fairly valued at all - Salesforce $CRM, for example.
In an effort to cut costs, the company has resorted to massive layoffs, shrinking office space, and exiting some real estate markets. Salesforce said the layoffs and broader restructuring plans will cost $1.4…
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