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Posted by colesantiago 10 hours ago

Salesforce to Acquire Fin (formerly Intercom) for $3.6B(www.salesforce.com)
247 points | 200 commentspage 4
sergiotapia 6 hours ago||
Woah, feels like Intercom just threw in the towel. I always thought they if anyone would be the ones to come out on top for customer support. Their brand was #1 in perceived cutting edge in my eyes.
ttul 7 hours ago||
Congratulations to the Intercom founders. This is a great result for them and the early backers of the company, for a product that I feel was executed brilliantly. We can criticize the usual enterprise-sales-y trajectory and enshittification that ensued after the brilliant opening moves, but at the end of the day, I think Fin reached a solid ending (no pun intended).
cpursley 9 hours ago||
Wild, the AI support and bots suck so bad, I've literally lost sales due to them. No matter how much support docs and history you feed them with for context, they just don't cut it. People would rather wait for a real person than go in loops with a wrong/bad support answer...
dd8601fn 9 hours ago||
There’s essentially no such thing as good case deflection. All of it exists at the expense of customer experience.

But businesses will always chase that dream of reduced customer contact, so Salesforce will keep selling it to them.

uberex 8 hours ago|||
These days it would be better in reverse i.e. expose the docs as docs and human points their Claude at that. In starting to do that!
SV_BubbleTime 9 hours ago||
So I haven’t looked into it a ton, but doesn’t it seem like a great case to have an AI answer the call immediately, get the users account pulled up, and document the issue with some refining feedback?

An AI secretary seems perfectly acceptable for both sides. The expectation is that a real human comes in soon after but this seems like a way to free up the most tedious parts of the process for both sides.

redwood 8 hours ago||
Intercom is a great example of a feature that in theory could have expanded into a more full product but stayed laser focused on that smaller vision instead. Nothing necessarily wrong with that as they did not allow themselves to become fully enshittified. Still it would be cool if they had really expanded it to offer a competition to Zendesk and Salesforce Service Cloud while preserving their minimalist and design forward approach. I understand that AI became the thing that invested in instead which was inevitable
3uler 10 hours ago||
What the hell? That is so cheap? I would value this at least as much as cursor? What gives?
bognition 10 hours ago||
Cursor at 60B is WAY overvalued. At this point you have to assume that anything that gets touched by Elon is hyper driven financial engineering.
embedding-shape 9 hours ago|||
> Cursor at 60B is WAY overvalued.

You can't possibly mean a glorified editor-shell isn't as valuable as say Nike, Deutsche Bank, Target, Ford or Nintendo?

re-thc 9 hours ago||
> You can't possibly mean a glorified editor-shell isn't as valuable as say Nike

That's a glorified feet-shell. So like-for-like?

embedding-shape 9 hours ago||
Say you grabbed a random selection of just 100 million people in the world, then ask them two questions, "Have you heard about Nike?" and "Have you heard about Cursor?", what would you guess the ratio would be like?

Even when you use "Nike the Company" vs "Cursor as a general search term" to compare search history in Google Trends, it's 71/5, so I'm guessing most people would say they've heard about Nike, while probably most never heard about any software program called "Cursor".

merlindru 9 hours ago||
If you asked the same selection of people about Saudi Aramco or SK Hynix none of them would know what those are either though, right?

I do think 60B for Cursor is way overvalued. Just not sure how to quantify

embedding-shape 9 hours ago||
Fair point, those are valuable for other reasons. My point was more to illustrate "Nike is valuable because of the brand", without using those exact words :)
3uler 9 hours ago||||
Sure but I would expect an exit of like 20b or just list and go public…
disgruntledphd2 10 hours ago|||
European versus US startups maybe?

While I think that this is a bad move for Intercom, it's actually brilliant for Dublin and Ireland that they have finally exited.

alex_suzuki 10 hours ago||
Intercom allegedly has ~400M of annual revenue, making the multiplier less than 10X. Huge customer base and established brand. Looks like a steal indeed!
jbs789 9 hours ago||
The world we live in… 10x revenue is a “steal”.

Lots of embedded assumptions about growth and margins to convert that revenue multiple to discounted cash flows.

alex_suzuki 8 hours ago||
A steal compared to other “AI-adjacent” valuations.
rgiskard7 7 hours ago||
[flagged]
Lapsa 9 hours ago||
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tommica 10 hours ago|
How does salesforce have that much to spend? Like they are big, but this is a lot of money.
UqWBcuFx6NV4r 10 hours ago||
Spoken like someone that’s never seen the Salesforce bill of even a small company. Absurdly high
MarkSweep 9 hours ago|||
They had almost $9 billion in cash on hand at the end of April 2026. And net income of $2 billion. So they afforded it pretty easily.

https://investor.salesforce.com/financials/quarterly-results...

asattarmd 8 hours ago|||
By laying off people.
htrp 10 hours ago|||
Salesforce made 37.9 billion in 2025 of revenue. 6.2 billion in net income (or profits)
ianm218 10 hours ago|||
Salesforce had ~14 billion in free cash flow last year they have tons of money.
re-thc 9 hours ago|||
They're not building out AI infrastructure
altmanaltman 9 hours ago|||
they are not just big, they are huge
tcp_handshaker 10 hours ago||
Its the US Dollar that is worth so much less...