Advertisement

Why Datadog Stock Popped Today

Why Datadog Stock Popped Today

Shares of Datadog (NASDAQ: DDOG) have popped today, up by 10% as of 1:15 p.m. EDT, following speculation that salesforce.com (NYSE: CRM) is trying to acquire the company. Rumors suggest that Salesforce made an all-stock offer to purchase Datadog in a deal valued over $20 billion. Datadog's market cap is currently around $25 billion, so any potential acquisition would be worth over $20 billion.