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Newly appointed Slack CEO Denise Dresser, Rocket Mortgage Chief Marketing Officer Casey Hurbis and Boston Consulting Group Managing Director and Partner Shilpa Sharma speak during Vox Media’s Code Conference in Beverly Hills, California, on Sept. 7, 2022.

Randy Shropshire | Getty Images

Longtime Salesforce executive Denise Dresser has been appointed CEO of Slack, Salesforce co-founder and chief executive Marc Benioff announced Monday.

Dresser becomes the third CEO of the Salesforce unit since it was acquired by Salesforce in 2020. Her role as CEO is effective immediately, a Salesforce spokesperson told CNBC.

She has been a Salesforce executive for more than 12 years, according to her company biography and LinkedIn profile, most recently as president of accelerated industries. Dresser will take the top job at Slack after its most recent CEO, Lidiane Jones, accepted the chief executive role at dating app Bumble earlier this month. Jones’ new position as Bumble founder Whitney Wolfe Herd’s successor takes effect Jan. 2.

Jones will stay on through the year to assist Dresser with the transition, the spokesperson said.

Dresser thanked both Benioff and Jones in a post on X, formerly known as Twitter, on Monday morning. “It’s an honor to move this work forward,” she wrote.

“Denise is a collaborative technology leader who brings teams together and has inspired me and so many of us with her deep commitment to our values and to our customers and to the spirit of innovation,” Benioff said in his announcement on social media platform X.

Dresser has held several executive positions at Salesforce and serves on the Ad Council’s board of directors. She is a graduate of University of Massachusetts Amherst, and before Salesforce, worked at both Oracle and former Big Five auditor Arthur Andersen.

Slack was acquired by Salesforce for $27.7 billion in a 2020 deal. Since the deal close, numerous senior Salesforce executives have left the company.

Most notably, Slack founder Stewart Butterfield and Salesforce co-CEO Bret Taylor departed in the span of two weeks in December 2022. Both had joined Salesforce after the companies they founded were acquired. Butterfield’s departure led to Jones’ ascension, and Taylor’s departure came a year after he was promoted to co-CEO of Salesforce alongside founder Benioff. In a message to employees at the time, Butterfield said his departure was unconnected to Taylor’s.

Salesforce shares are up nearly 61% year to date. At the open Monday, shares were well off their 52-week low, set in December 2022, of $126.34.

— CNBC’s Ari Levy and Jordan Novet contributed to this report.

Salesforce CEO Marc Benioff: When I talk to CEOs they are all Slack-first

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Amazon had a very big week that could shape where its stagnant stock goes next

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Amazon had a very big week that could shape where its stagnant stock goes next

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Meta acquiring AI wearable company Limitless

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Meta acquiring AI wearable company Limitless

Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company’s headquarters in Menlo Park, California, U.S., Sept. 17, 2025.

Carlos Barria | Reuters

Meta is acquiring artificial intelligence wearable startup Limitless, the companies said Friday.

“We’re excited that Limitless will be joining Meta to help accelerate our work to build AI-enabled wearables,” a Meta spokesperson said in a statement.

Limitless makes a small, AI-powered pendant that can record conversations and generate summaries.

Limitless CEO Dan Siroker revealed the deal on Friday via a corporate blog post but did not disclose the financial terms.

“Meta recently announced a new vision to bring personal superintelligence to everyone and a key part of that vision is building incredible AI-enabled wearables,” Siroker said in the post and an accompanying video. “We share this vision and we’ll be joining Meta to help bring our shared vision to life.”

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The world of AI wearables has been slowly growing this year, but no company has landed a standout product.

Meta’s Ray-Ban smartglasses, which have been a surprise hit, have a sprinkling of AI flavor with the inclusion of the company’s AI digital assistant.

There are several wearable devices available that are similar to Limitless.

Friend offers a pendant-style device, Plaud comes in a small card shape or pill that can be clipped on or worn around your neck or on your wrist, and Bee, which is worn on a wristband and was scooped up by Amazon in July.

Amazon also runs AI through its Alexa+ line of Echo Speakers, while Google‘s Pixel 10 phones have the Gemini assistant built in.

WATCH: Meta is visibly seeing a return on investment from AI.

Meta is visibly seeing a return on investment from AI, says Rosenblatt Securities’ Barton Crockett

CNBC’s Chris Eudaily contributed to this report.

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Salesforce shares pop 5%, continuing post-earnings rally and leaving stock poised for best week since 2023

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Salesforce shares pop 5%, continuing post-earnings rally and leaving stock poised for best week since 2023

Sheldon Cooper | Lightrocket | Getty Images

Salesforce shares popped 5% on Friday after the company posted better-than-expected third-quarter earnings on Wednesday despite falling short of Wall Street’s revenue estimates.

The stock, which is up 13% over the past five days, is aiming for its best week since 2023.

The company reported adjusted earnings per share of $3.25, topping Wall Street’s estimates of $2.86 per share. Revenue increased 8.6% year over year to $10.26 billion but just missed analyst projections of $10.27 billion.

Although the artificial intelligence boom has pushed several tech companies into record surges, cloud software firms have seen a rocky year as investors wonder whether AI will render the industry obsolete.

Salesforce is hoping to persuade Wall Street that AI will be able to bolster its products rather than replace them.

Investors “somehow think software companies are under arrest from AI, when the opposite is true,” Salesforce CEO Marc Benioff told CNBC’s Jim Cramer on Thursday.

During the third quarter, the company acquired startups Regrello and Waii, which uses AI to generate code with natural language instructions.

Despite Salesforce’s shares being down 21% year to date, compared with the Nasdaq’s 22% gain, analysts are more optimistic for 2026.

“CRM [Salesforce] continues to be levered to digital transformation, and we expect the company to grow at a solid rate going forward,” Mizuho analysts wrote. “At the same time, we believe CRM will remain fiscally disciplined and that it can continue to drive higher operating and FCF margins.”

Analysts highlighted Salesforce’s AI platform Agentforce, which builds agents that automate business tasks and streamline workflow.

Despite initial investor skepticism over the platform, Cantor analysts were encouraged by its strong adoption in the customer service space.

“We think CRM is starting to formalize and mature the strategy, which should make it easier for customers to understand, and therefore adopt, Agentforce,” the Cantor analysts wrote.

Annual recurring revenue of Agentforce jumped 330% year over year to $540 million.

“Why everyone is so excited about Agentforce is because this is what AI was meant to be,” Benioff said. “It brings together humans and data and AI and apps, and delivers an incredible experience for companies.”

WATCH: Salesforce CEO Marc Benioff goes one-on-one with Jim Cramer

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