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Salesforce Signs Definitive Agreement to Acquire Slack

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Re: Salesforce Signs Definitive Agreement to Acquire Slack

#111

Post by paxys »

colinmhayes wrote: post #68

I can't possibly see this going well for salesforce. Buying slack for 70x revenue is insane. Their entire market is going to be eaten by teams and google chat, if it hasn't already. Microsoft has such a gigantic advantage when it comes to enterprise productivity software because everyone is already using office. And those that aren't are on g-suite. Slack's recent guidance was horrible too.

Google chat isn't a real competitor in the space. It has always been Slack and MS, and being #2 is a rapidly growing sector is still very valuable.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#112

Post by foota »

floatingatoll wrote: post #52
easton wrote: post #14

I'm somewhat surprised that Amazon didn't end up acquiring Slack, considering that the major thing they are missing compared to Microsoft is productivity tools. If they had purchased Dropbox and Slack they could've gotten a foothold rather quickly and slowed down one of Microsoft's major selling points (you already use Office, why not Azure?). Discord could be another interesting company in the chat space, as I'm sur…

If buying a business would put Amazon in the position of having to introduce a new end-user customer support burden, then they are unlikely to do so. Eero devices require this customer support, but that can be merged with their IOT support team for all other in-home objects. I think Amazon made an exception to their “user support is never our priority” choice because they know it’s the only way to get a physical foot…

Doesn't amazon have relatively good customer support for retail? Or are you specifically talking about AWS here?

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#113

Post by JMTQp8lwXL »

theNJR wrote: post #63

I'm a bit confused by what this means for WORK shareholders. "Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020." Lets say you own 100 shares of WORK. Does that mean you get both 1.…

Are fractional shares rounded down and converted to cash? E.g., (following OP's example): 7.76 shares of CRM -> 0.76 shares of CRM => 241.35 (closing CRM price) * 0.76 = $183.42.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#114

Post by stingraycharles »

colinmhayes wrote: post #68

I can't possibly see this going well for salesforce. Buying slack for 70x revenue is insane. Their entire market is going to be eaten by teams and google chat, if it hasn't already. Microsoft has such a gigantic advantage when it comes to enterprise productivity software because everyone is already using office. And those that aren't are on g-suite. Slack's recent guidance was horrible too.

Honest question: what is Google chat? I only know Hangouts, I did not know they had a Slack/Teams app as well? Or is this the very old app that was integrated into Gmail back in the day?

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#115

Post by foota »

s_dev wrote: post #77
easton wrote: post #14

I'm somewhat surprised that Amazon didn't end up acquiring Slack, considering that the major thing they are missing compared to Microsoft is productivity tools. If they had purchased Dropbox and Slack they could've gotten a foothold rather quickly and slowed down one of Microsoft's major selling points (you already use Office, why not Azure?). Discord could be another interesting company in the chat space, as I'm sur…

Surely S3 is a pebble compared to Dropbox?

You're probably backwards there.

Edit: in 2016 Dropbox stored 400PB (https://dropbox.tech/infrastructure/magic-pocket-infrastruct...), in 2018 S3 was storing multiple exabytes (https://www.quora.com/How-big-is-Amazon-S3-across-all-region...)

I suspect multiple exabytes is a low ball.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#117

Post by three_seagrass »

torben-friis wrote: post #23
orf wrote: post #2

Damn. I can't see how this ends well for Slack users in the long term. > Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. Oh. Oh no.

It funny that, everywhere in my circle, people are going "damn, we need to find an alternative now". It really says something about a company that people see their name getting close as a sign they should stop using a product.

This seemed to be the response in every conversation I've had with people about Slack being acquired. No matter who acquired Slack, it just seemed like negative value to the existing customers who signed on for a ubiquitous messaging platform.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#118

Post by HatchedLake721 »

colinmhayes wrote: post #68

I can't possibly see this going well for salesforce. Buying slack for 70x revenue is insane. Their entire market is going to be eaten by teams and google chat, if it hasn't already. Microsoft has such a gigantic advantage when it comes to enterprise productivity software because everyone is already using office. And those that aren't are on g-suite. Slack's recent guidance was horrible too.

Google chat, lol.

Which one?

Google Wave? Google Buzz? Google Talk? Google Hangouts? Google Allo? Google Duo? Google Meet? Google chat that came with Google Apps? Or G Suite? Or Google Workspace?

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#119

Post by ripdog »

ocdtrekkie wrote: post #33
jeffbee wrote: post #12

Earlier quoted context omitted.

Because "slack" is so business-like?

Discord's problem isn't it's name. Discord's entire interface is based around gaming. It shows your running game in the UI, it integrates with Steam, etc. It's loading messages are all based on gaming culture. It just doesn't present itself as something you'd consider for your business.

The loading messages were replaced with generic non-playful ones relatively recently, FYI.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#120

Post by brundolf »

colinmhayes wrote: post #68

I can't possibly see this going well for salesforce. Buying slack for 70x revenue is insane. Their entire market is going to be eaten by teams and google chat, if it hasn't already. Microsoft has such a gigantic advantage when it comes to enterprise productivity software because everyone is already using office. And those that aren't are on g-suite. Slack's recent guidance was horrible too.

Slack's main differentiator up until now was that it wasn't tied up in a tech giant. That meant it had great compatibility with everything, and that it was, as a product, the primary focus of its company (and not just an accessory). I think it could have survived on that alone, but this acquisition throws that entire story in the garbage. Now it'll just be "Teams but worse".
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