He found Flickr, a photo-sharing app, and a few multiplayer games that were ahead of its time. The CEO and co-founder, Stewart Butterfield, is a visionary and a great storyteller. While it wasn't clear at first, Slack certainly has a product that works, and its story is being written! A 'many-trick' pony is morphing into an 'enterprise social network.'įirstly, everything starts with the product and the story it conveys. Given more time, we believe Slack would get there and would be worth a lot more than $22B.Īfter careful consideration, we are not letting our shares go. We believe that Slack is not just replacing emails but transforming into an 'enterprise social network,' a vision that the CEO and co-founder, Stewart Butterfield, has been trying to tell the world, albeit with little success. However, as the information sinks in, the deal would cut short gains and destroy Butterfield's vision of what Slack could become. After all, Salesforce was already a partner and a customer of Slack.Īs for Slack's shareholders, the news came as a nice 37% boost in the stock price. Additionally, its shareholders can feel assured that the company has done proper due diligence. The deal makes sense, but a lot more for Salesforce.Īs a company that champions relationship management for multiple stakeholders and industries, Slack is precisely the tool Salesforce needs to compete with the big boy, Microsoft ( MSFT). ![]() However, the stock closed the day at a $22B market cap. ![]() On November 25th, Salesforce ( CRM) reportedly in talks to acquire Slack ( NYSE: WORK) at an undisclosed amount. Find out how you can get the best content on Seeking Alpha here. This article was highlighted for PRO subscribers, Seeking Alpha's service for professional investors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |