Slack Is Going Public at a $16B Valuation
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Re: Slack Is Going Public at a $16B Valuation
#2Venture capitalists are cashing their investments by IPOs - sure sign that the next financial crisis is starting soon :) Dotcom Bubble 2.0 is ready to burst.
EDIT: I do not imply that venture capitalists poses some insider knowledge. It is not necessary. It's just the fact that when bullshit companies with bullshit product, that generate losses instead of profit get valued at $16B (other recent examples include Lyft and Uber) it means that economy is in crazy state, and it does not take much to induce panic. My guess is one of these unicorns will fill for bankruptcy soon, thus pushing the market over the edge.
Re: Slack Is Going Public at a $16B Valuation
#3For those curious, their symbol is $WORK
Re: Slack Is Going Public at a $16B Valuation
#4I love the software, though this kind of feels like the Dot Com bubble all over again.
Re: Slack Is Going Public at a $16B Valuation
#5Well deserved.
Their product-vision was clear, their execution focused on what mattered... and they didn't need to bend or break laws to succeed.
It's easily my favorite unicorn of the past decade.
Re: Slack Is Going Public at a $16B Valuation
#6Venture capitalists are cashing their investments by IPOs - sure sign that the next financial crisis is starting soon :) Dotcom Bubble 2.0 is ready to burst. EDIT: I do not imply that venture capitalists poses some insider knowledge. It is not necessary. It's just the fact that when bullshit companies with bullshit product, that generate losses instead of profit get valued at $16B (other recent examples include Lyft…
I keep hearing this take!
Yet, I have no real evidence that points me to its truth. The thinking seems to be predicated on VCs having inside knowledge or excellent speculative skills. That might be true, but presumably they're not the only strong speculators.
Are we seeing other major players move out of tech? We're certainly not seeing massive liquidation in general.
Re: Slack Is Going Public at a $16B Valuation
#7For those curious, their symbol is $WORK
Stealing WeWork’s thunder... A smart move, though perhaps a little painful for all the existing plans the WeWork marketing department had.
Re: Slack Is Going Public at a $16B Valuation
#8Is 16B really too high of a valuation when Atlassian is double the market cap at 32B? Both have similar products (collaboration/productivity) and are extremely sticky.
Re: Slack Is Going Public at a $16B Valuation
#9Venture capitalists are cashing their investments by IPOs - sure sign that the next financial crisis is starting soon :) Dotcom Bubble 2.0 is ready to burst. EDIT: I do not imply that venture capitalists poses some insider knowledge. It is not necessary. It's just the fact that when bullshit companies with bullshit product, that generate losses instead of profit get valued at $16B (other recent examples include Lyft…
I'd wager it's because they're peaking so best to dump the stock on the market before it goes downhill
Re: Slack Is Going Public at a $16B Valuation
#10Is 16B really too high of a valuation when Atlassian is double the market cap at 32B? Both have similar products (collaboration/productivity) and are extremely sticky.
Slack has a broader userbase inside enterprises.