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ServiceNow CEO on the stock’s swoon: “You can give us back the market cap”
['Luke Kawa']
Sherwood News | RSS Feed
ServiceNow CEO on the stock’s swoon: “You can give us back the market cap”Investors have taken billions in market cap away from ServiceNow, and CEO Bill McDermott would very much like for it to be returned.
And as it relates to future M&A, we do not have a large scale M&A on the road map...
So, probably it was a little bit what ’ s going on over there at ServiceNow, and I noticed that we lost about $10 billion in market cap on that because of the worry.
So now the worry is gone, you can give us back the market cap.
That’ll be even more market cap that McDermott will likely want back.