Slack Technologies, Inc
Slack Sues Microsoft: What Does Wall Street Say About the Stocks?
Slack has hit Microsoft with an antitrust complaint as rivalry intensifies in the workplace chat and collaboration software market.
Unlike Zoom, Slack’s Earnings Didn’t Impress Investors
Slack Technologies (NYSE:WORK) stock fell over 14% on June 5 after reporting its first-quarter earnings on June 4 after the closing bell.
Can Zoom Video Sustain COVID-19 Growth after Its Q1 Earnings?
Zoom Video Communications (NASDAQ:ZM) will likely report its results for the first quarter of fiscal 2021 today after the closing bell.
Will Slack Stock Continue to Rise after Its Q1 Earnings?
Slack Technologies (NYSE:WORK) stock has been rising before its first-quarter earnings results. The company will likely release its results on June 3.
Facebook’s Libra Project Receives Major Boost from Temasek
Facebook’s (NASDAQ:FB) Libra cryptocurrency project continues to show signs of life. Singapore’s Temasek has joined the Libra Association.
Amazon Cloud Is a Profit Machine in High-Stakes Battles
Amazon’s (NASDAQ:AMZN) cloud business is its fastest-growing division and most profitable operation. However, the business faces high-stakes battles.
Should You Buy Slack Stock before the Salesforce Deal?
Slack Technologies (NYSE:WORK) stock rose over 10% on Wednesday and closed at $28.03. However, the broader indexes fell on Wednesday.
Zoom: Time to Get Rid of This ‘High-Flying’ Stock?
Although Zoom (NASDAQ:ZM) stock delivered whopping returns in the first three months of 2020, it has fallen in the last few days.
Microsoft Gains on Analyst Upgrades and Strategic Moves
According to Barron’s, Morgan Stanley’s Keith Weiss predicts Microsoft’s (NASDAQ:MSFT) market value could exceed $1 trillion.
Get Real: Breakups, Rallies, and Struggles Continue
In today’s Get Real newsletter, we looked at big tech breakup updates, another leaked Musk email, the Boeing and Airbus war, Slack’s outlook, and more.
Slack Rises on Q3 Earnings Beat, Glowing Outlook
Slack Technologies (WORK) stock opened 3% higher today after its fiscal 2020 third-quarter earnings and revenue beat analysts’ expectations.
Get Real: New Targets and Turnaround Hopes
In this morning’s edition of our daily market newsletter, Get Real, we looked at Trump’s new tariff targets, a 5G network launch, and turnaround hopes.
Will Slack’s Q3 Earnings Boost Its Troubled Stock?
Slack is set to release its fiscal 2020 third-quarter earnings results tomorrow after the market closes. This is only the company’s second earnings release.
Peloton Stock Gained Momentum Last Week
Peloton (PTON) shares rose close to 10% on Friday to close trading at $35.5 per share. The stock gained 21% in the last week that ended on November 29.
Should Lyft Have You Feeling as Positive as Analysts?
Lyft’s (LYFT) and Uber’s (UBER) renewed focus on profits has turned analysts around on them despite their stocks doing poorly since their IPOs.
Uber Stock: Is Analysts’ Turnaround Justified?
Uber (UBER) stock got a rating upgrade from Stifel on November 22. The company is once again gaining favor among analysts.
Get Real: Is Unrest Sweeping the Markets?
In today’s Get Real, we took a closer look at Uber’s trouble and an unexpected boost for Canopy Growth while markets react to more unrest.
Microsoft Teams Sees Robust Growth, Slack Tanks
On November 19, Microsoft declared that Teams, its workplace chat app, had over 20 million daily active users, more than a 50% surge from July.
Tech IPOs: Who Burnt Wealth and Who Gained Value?
In 2019, several high-profile tech IPOs made their debut in public markets. Let’s look at what’s in store for them as we head towards 2020.
Softbank Earnings and Uber: Will Masa Sell Uber Stock?
Japanese conglomerate Softbank (SFTBY) released its Q2 earnings today, and the results took a big hit from Uber and WeWork.
Will Uber Stock Fall to $25 on Earnings and Lockup Expiry?
Uber released its 3Q earnings yesterday after market hours. The company’s revenues rose 30% during the quarter. However, Uber stock still got hammered.
Why Alphabet Stock Fell after Its Q3 Earnings Report
Alphabet’s earnings miss came after higher expenses and continued losses in its “other bets.” During the third quarter, the company’s expenses rose 25%.
Slack Tumbles to a New Low despite Key Update
On October 22, Slack stock fell 6.9% to end the trading day at $21.03. On the day, the stock hit its all-time low of $20.93 and then recovered slightly.
WeWork: Hello Softbank, Goodbye JPM and Neumann?
A few hours ago, Reuters reported that WeWork’s board would meet today to discuss financing proposals from Softbank and JPMorgan Chase.
Zoom Video and CRWD Lead Tech IPO Gains in 2019
Zoom Video is trading significantly higher than 2019’s other IPO debutants. Zoom stock had an offer price of $36 and is trading at $73.52—104% higher.
Will Slack Lose to Facebook Workplace?
With Microsoft and Facebook pricing their products aggressively, Slack might face a steep climb. Slack’s premium pricing starts at $6.67 per user per month.
Robert Greifeld Warns: The Unicorn Bubble Has Burst
On October 8, former Nasdaq CEO Robert Greifeld wrote on CNBC’s website, “WeWork’s aborted IPO may come to mark the end of the current ‘unicorn’ bubble.”
Snap Stock Is in Free Fall: What’s Ahead?
Following a five-day slide, Snap fell over 4% on Thursday at 11:24 AM EDT. However, Snap stock has gained 186.75% year-to-date.
Peloton IPO: Another Unicorn Debut Bites the Dust
Peloton stock, which lost 8.9% on September 26 on its public debut, was trading 4% lower on September 27 at $24.73 as of 10:36 AM ET.
Slack Stock Is in Freefall—Could It Be Acquired?
At 11:33 AM ET, Slack stock was trading down 5.9% at $21.83. In September so far, its stock has lost 23.2% and is down 43.3% over its debut price.
Slack Stock Hits Its Lowest Close, Down 37% since Debut
After losing 11.4% between September 1 and September 20, Slack stock crashed 4.8% yesterday to take its September losses to 15.7%.
No Airbnb IPO in 2019: Are Unicorns Cursed?
In a very brief statement on September 19, Airbnb announced its intention to go public in 2020. The timing of the statement is interesting.
WeWork IPO Delay: What Should You Expect Next?
WeWork has postponed its IPO as its valuation has plunged. When a highly anticipated listing meets with a fate like this, there are several factors at play.
WeWork IPO Shelved, Unicorn Stocks Lose Luster
WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.
Direxion ETFs Can Help You Cut Your Losses
Here’s how Direxion ETFs can help you cut your losses and generate alpha. Take a closer look at the S&P 500 and key indicators from the first half of 2019.
Slack Stock Sinks on Legal Trouble, Growth Worries
Today, Slack (WORK) stock has been getting crushed after opening marginally higher. At 12:44 PM ET, the stock was trading at $24.4, down 10.9%.
Could WeWork Go Public at 50% Valuation?
Reports indicate that WeWork is looking to cut its valuation by over 50% to ease its upcoming IPO. WeWork was privately valued at $47 billion in January.
Slack: Can $800 Million in Cash Help It Pass Microsoft?
As of July 31, Slack had about $800 million in cash and cash equivalents. Slack will likely burn about $105 million in fiscal 2020 ending on January 31.
Slack’s Q2 Earnings, Outlook: What’s Working for WORK?
Yesterday, Slack (WORK) released its first earnings results since it went public in June. For Q2 of fiscal 2020, Slack posted a net loss of $359.6 million.
Why Slack’s Q2 Earnings Didn’t Impress Investors
Slack Technologies (WORK) reported its Q2 earnings after the bell on September 4. The results disappointed investors, but will the stock recover?
Slack: Will Its 2Q Earnings Arrest the Stock’s Downfall?
Slack is scheduled to announce its second-quarter earnings today after the market closes. Be ready for some wild action in Slack stock!
Why Is Slack Stock Sliding as the S&P 500 Recovers?
Today, Slack stock was trading under $30, heading into the red for the third straight trading session. At 1:24 PM ET, Slack (WORK) was down 0.87% at $29.54.
Slack Stock: Will a ‘Buy’ Rating and Soros’s Entry Help?
Today, Slack (WORK) opened 4.5% higher after MKM Partners analyst Rohit Kulkarni gave Slack stock a “buy” rating with a target price of $40.
George Soros Buys Slack, Increases SPY Short Exposure
The 13F filing showed that George Soros bought almost 500,000 Slack (WORK) shares at an average price of $37.5 per share during the second quarter.
WeWork IPO: Is The We Company Comparable to Apple?
WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.
WeWork IPO Filing: Revenues, Op Losses Double in 1H19
During the first six months of 2019, WeWork’s revenues and losses from operations almost doubled compared to the same period in 2018.
The WeWork IPO: Will It Follow UBER or BYND?
WeWork is looking to raise about $3.5 billion with its IPO, making it the second-largest biggest IPO this year after Uber’s IPO in May.
Slack, DoorDash Boost Softbank Vision Fund’s Q1, Uber Lags
Softbank Vision Fund, Softbank’s $97 billion megafund, was a star performer in its first quarter of fiscal 2020. Let’s see why.
What FB’s Workplace Update Means for Slack and MSFT Teams
Facebook Workplace’s redesign distinguishes it from the competition, making the battle between itself, Slack, and Microsoft Teams more interesting.
Slack, Uber, Lyft Disappoint While Beyond Meat Sizzles
Some of the unicorn stocks that went public this year didn’t have a great July. Slack (WORK), Uber (UBER), and Lyft (LYFT) fell 10.9%, 9.1%, and 7.4%, respectively.
Why Slack, Uber, and Lyft Are Having a Tough Day
Before the market opened, President Donald Trump fired a tweet directed at China, saying, “China is doing very badly, worst year in 27.”
SoftBank’s Masayoshi Son: Japan’s Buffett Once Lost $70 Billion
What do Berkshire Hathaway’s (BRK.B) Warren Buffet and SoftBank’s Masayoshi Son have in common?
Microsoft, Apple Support Softbank’s $108 Billion AI Fund
On Friday, Softbank (SFTBY) announced the launch of AI-focused Vision Fund 2. The fund is expected to start with a capital of $108 billion.
How SoftBank’s Masayoshi Son Is Changing the Investing Space
Armed with the largest tech-focused fund in the world, Masayoshi Son’s SoftBank (SFTBY) is disrupting the investing space.
Andreessen Horowitz and CEO to Make Billions in Slack DPO
While Accel will be the biggest beneficiary from Slack’s (WORK) public offering, it’s not the only one. Andreessen Horowitz, the second biggest investor in Slack after Accel, is expected to pocket $1.7 billion for its 13% stake. Social Capital, a Palo-Alto-based investor, is expected to turn its stake into $1.3 billion.
Why Slack Could Be the New Facebook and CrowdStrike for Accel
Since 2009, Slack (WORK) has raised $1.4 billion from investors through two seed and eight venture rounds. The company boasts a legendary investor lineup, which includes Softbank, General Atlantic, and Andreessen Horowitz. Accel is Slack’s biggest investor with a 23.8% stake followed by Andreessen Horowitz, which holds 13% in the company.
Slack to Go Public Today at $26: Will It Get Fiverred or Uberred?
Slack’s public debut is a little different. Slack is following the direct public offering route to list its stock on the NYSE. Unlike an IPO, companies don’t raise any money through a DPO. Instead, they give an exit opportunity to their shareholders. There is no investment banker to market the shares and hold them to reduce volatility. Last year, Spotify (SPOT) followed this route.