Yahoo Finance Live anchors discuss the decline in stock for Salesforce following news that co-CEO Bret Taylor will step down.
The customer relationship management specialist had sapped the index of more than 100 points as of mid-afternoon.
Shares of Salesforce (NYSE: CRM) were trading down 10% as of 12:14 p.m. ET on Thursday after the company delivered financial results that fell short of analysts' expectations. The lower outlook raised questions about Salesforce's competitive position. Saleforces posted a revenue increase of 14% year over year, which was down from the previous quarter's 22% increase.