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Slack Jolts to $21 Billion Valuation In Direct Listing Debut After Shunning IPO
A parade of initial public offerings from Silicon Valley this year have garnered mixed receptions from investors. Slack Technologies Inc. took a different route on Thursday...
32 minutes ago - Fortune - 5 articles
Transitioning from engineering to product with Adobe's Anjul Bhambhri
Many roles inside of startups and tech companies are clear: marketers market, salespeople sell, engineers engineer. Then there are the roles like “product manager” that seem...
39 minutes ago - Tech Crunch
Slack is set to make an unorthodox public debut as the latest money-losing tech company to hit the market
Slack is expected to debut Thursday on the New York Stock Exchange under the ticker "WORK" after the exchange set a reference point of $26 per share. The company is expected to...
3 hours ago - Business Insider - 10 articles
Slack is set to make an unorthodox public debut as the latest money-losing tech company to hit the market
Slack is expected to debut Thursday on the New York Stock Exchange under the ticker "WORK" after the exchange set a reference point of $26 per share. The company is expected to...
4 hours ago - Business Insider - 10 articles
Inside Slack's direct listing: Here's what actually went down between the tech company and its Wall Street advisers
Slack, which is expected to start publicly trading on Thursday, is the second large tech company to go public in a direct listing, an offering process that throws the...
4 hours ago - Business Insider - 10 articles
Slack's direct listing reference price set at $26 today
The company has eschewed the traditional IPO in favor of early investors selling shares directly to the public. The New York Stock Exchange has set the reference price for...
6 hours ago - Fast Company - 5 articles
Tech's 4 Biggest Cash Burners Have Torn Through $23.9 Billion Combined
Editor's note: An earlier version of this story published on May 20. "You've got to spend money to make money" is one of the most widely accepted business adages of all time...
7 hours ago - Fortune
Slack Is Going Public Without an IPO. Here's How a Direct Offering Works
Ten years after it was founded, Slack Technologies will list its shares on the New York Stock Exchange on Thursday. The ticker symbol? WORK. And the NYSE has set Slack's stock...
8 hours ago - Fortune - 5 articles
The founder of a $1 billion startup reveals why he took SoftBank's cash after the murder of Jamal Khashoggi
Tech startups in the US, Europe, and Asia continue to take cash from SoftBank's $100 billion Vision Fund, despite the fund's deep financial ties to Saudi Arabia. It raises...
9 hours ago - Business Insider
Apple Is Partnering With Best Buy for Repairs. Is That Enough to Fix Consumers' Complaints?
Apple announced Wednesday that it's adding Best Buy retailers to its previously-exclusive list of authorized repair locations. The facts of the exchange are simple: Nearly...
16 hours ago - Fortune - 2 articles
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Slack is set to make an unorthodox public debut as the latest money-losing...
Slack is expected to debut Thursday on the New York Stock Exchange under the ticker "WORK" after the exchange set a reference point of $26 per share. The company is expected to...
Gold soars to a multi-year high following increased chance of a Fed rate cut
From Eustance Huang and Maggie Fitzgerald : KEY POINTS Spot gold prices surged to levels not seen in more than 5 years. The commodity is currently trading 1.66% higher at...
Slack stock is surging more than 50% on its first day trading in an unusual...
Shares of Slack shot up more than 50% within moments of beginning trading on the public markets Thursday. The workplace chap app listed shares via an unusual direct listing on...
Goldman Sachs lowers its Tesla price target for the 4th time this year and...
David Tamberrino, an analyst at Goldman Sachs, cut his price target for Tesla to $158 on Thursday - 29% below the stock's current price. It's the fourth time this year that the...
Meet Bernard and Lisa Selz, the wealthy New York City couple who has donated...
Hedge-fund manager Bernard Selz and his wife Lisa have donated millions to leading anti-vaccination organizations, The Washington Post reported. Their donations were used to...
Yield on the 10-year treasury dips to lowest level in nearly two years
From Thomas Franck : KEY POINTS The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday - breaching a key...
Slack's unusual offering likely won't have a first-day pop. Here's why most...
Investors and analysts are questioning the value of the traditional initial public offering process and the sharp jump in company shares that typically accompanies it. That...
Philly Fed Mfg "Manufacturing conditions in the region weakened" in June
From the Philly Fed: June 2019 Manufacturing Business Outlook Survey Manufacturing conditions in the region weakened this month, according to firms responding to the June...
The man running a new $100 million venture fund at UnityPoint Health told us...
The health system UnityPoint Health just launched a $100 million venture fund. Matthew Warrens, managing director of innovation at UnityPoint, spoke with Business Insider about...
Oracle is set to open at a record high after spiking on strong earnings
Oracle climbed as much as 7% in pre-market trading on Thursday morning after the firm reported better-than-expected earnings for the fourth quarter. The cloud and database...