Yes, you are hearing it correct. Salesforce has eclipsed Oracle in market capitalization. Salesforce the cloud giant's market capitalization now stands at $180 billion, compared with $174 billion for Oracle. So far this year Salesforce shares have increased 23%, while Oracle’s have risen 9%.
Marc Benioff was previously worked in Oracle before he co-founded Salesforce. Oracle’s co-founder, chairman and chief technology officer Larry Ellisoninvested $2 millionin Salesforce and became its inaugural board member. Benioff has called Ellison his mentor. The two men had a falling-out as Oracle began challenging Salesforce, and for years they have belittled each other’s companies
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