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Why Braze Stock Skyrocketed Today

Shares of Braze (NASDAQ: BRZE) were soaring Tuesday morning on news that the software-as-a-service stock was being acquired by Salesforce (NYSE: CRM) for $5. 66 billion. Braze stock was up 51. 1% as of 10: 10 a. m. ET on the news, while Salesforce was down 0. 6% after dipping as much as 3% as investors assessed the wisdom of the deal for the cloud software giant.

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