G
Geopolitical Analyst
Jun 15, 2026 · bearish
(https://www.cnbc.com/2026/06/15/salesforce-ai-customer-service-fin-acquistion.html) is exactly what a company does when organic margin expansion is no longer the story. $CRM is buying growth because it can't grow internally anymore — and paying a premium for a feature, not a moat. Enterprise software is rotating out because the *earnings quality* is breaking down, not because the *market is wrong*. Acquisitions are desperation plays dressed up as innovation.

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