Slack IPO: Here’s How Much This Silicon Valley Unicorn Could be Worth Now That it’s Going Public

The Slack IPO, one of 2019’s most hotly-anticipated public offerings, is officially in motion. The widely used business productivity company announced today that it has filed for a direct listing. It is seeking this arrangement on US stock exchanges with a $10 billion valuation. In private funding, the company has raised around $1 billion over 8 rounds, according to Crunchbase. Slack IPO Comes Amid Exponential Growth Slack earned $221 million in 2018 and had over $900 million in cash at the end of 2018. As of May 2018, Slack had 3…

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With Facebook Falling out of Favor, Will Instagram be Enough to Rescue Shareholders?

By CCN.com: According to Fortune’s latest edition of the world’s most respected companies, admiration for Facebook is plummeting. The souring sentiment is following — and followed by — Facebook’s falling share price in what is rapidly becoming a vicious cycle. Facebook No Longer Admired by Top Executives The latest “World’s Most Admired Companies” list from The post With Facebook Falling out of Favor, Will Instagram be Enough to Rescue Shareholders? appeared first on CCN

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Tron CEO Justin Sun Wants to Prove Crypto Is Not a Scam: Hires Former SEC Official

By CCN.com: Tron founder Justin Sun is out to prove that crypto is not a scam ― despite hyperbolic emotional protestations by haters that it is. To this end, Sun hired a former SEC employee to be the first compliance director for Tron, a blockchain platform for supporting smart contracts and high throughput. Sun believes that The post Tron CEO Justin Sun Wants to Prove Crypto Is Not a Scam: Hires Former SEC Official appeared first on CCN

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