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Palihapitiya says Workday is worth $100 billion

Chamath Palihapitiya, founder and CEO of Social Capital, told the crowd at the Sohn San Francisco Investment Conference that Workday, an enterprise cloud software company will be worth $100 billion in 10 years. The company's market value is currently a little more than $18 billion.

The hedge fund and venture capital investor, who was an early executive at Facebook, made waves during the New York Sohn conference in May when he predicted would be a worth $3 trillion in 10 years. This is his new big cloud software platform bet.

Workday is "a company that we think is purpose-built to really stand the test of time," said Palihapitiya, saying...