Tag: slack

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.

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.

Japanese conglomerate Softbank (SFTBY) released its Q2 earnings today, and the results took a big hit from Uber and WeWork.

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%.

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.

A few hours ago, Reuters reported that WeWork’s board would meet today to discuss financing proposals from Softbank and JPMorgan Chase.

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.

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.

Fitness startup Peloton Interactive has fallen 8% since it was publicly listed at $29 per share. At the time of writing, it was trading at $26.67 per share.

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.