Image via Wikipedia I had a series of posts in June asking the simple question, who’s bigger, Salesforce.com or GM? (I, II, III, IV)
The series concludes here, indicating that Salesforce.com’s market capitalization remained slightly behind that of General Motors. At least this was true on June 4th.
Well, some things have changed. Most who are interested in economic issues are well aware of the challenges now facing GM (and for that matter, Ford and Chrysler). A multi-billion dollar bailout may be next. It has not been an easy run for the ”Big Three” automakers. GM’s market capitalization has been battered (~$6.1 billion).
Salesforce.com has also faced some challenges. While they set company records with their 2nd quarter profits, the results were short of investor expectations, and the stock plummeted 8% in one day. The San Francisco based company is now valued at ~$6.6 billion.
Perhaps this is an unfair comparison, especially given the very difficult situation in the auto industry. Still, who would you rather own?
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