@FinanceYF5: Luke Pierce says Starbucks spends $400 million annually on software. Yesterday, Starbucks announced it would break away from IBM and Microsoft to build its own custom systems in-house. Following the news, IBM's stock fell 3%, and Salesforce…
Summary
Starbucks announced it will move away from IBM and Microsoft to build its own custom systems internally, leading to declines in IBM and Salesforce stock prices.
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Cached at: 07/13/26, 11:53 AM
Luke Pierce stated that Starbucks spends $400 million annually on software.
Yesterday, Starbucks announced it would move away from IBM and Microsoft, opting instead to develop its own custom systems internally.
Following the announcement, IBM shares fell by 3% and Salesforce dropped by 4%. https://t.co/jTPs3rh87H
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