Tech stocks are tumbling as the Federal Reserve wrestles with inflation in what is expected to be the central bank’s most aggressive tightening cycle in more than 40 years.
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On CNBC’s “Squawk On The Street” Wednesday, Salesforce Inc. CEO Marc Benioff said his cloud company was born into a recession.“In 2001, we almost lost our company because of a situation very similar to this,” Benioff said. “We had to make fundamental changes to our business model. It made us much stronger.”
