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Salesforce Signs Definitive Agreement to Acquire Slack

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Re: Salesforce Signs Definitive Agreement to Acquire Slack

#61
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.

"SlackForce" here we come.

The clash of meaning in those two words says it all.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#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. $4,434 in cash (100 * 43.84 current value of WORK)

and

2. 7.76 shares of CRM (100 * .0776)

Edit: I can't read!

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#64
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.

Come to zulip! We switched our company to zulip wholesale after covid forced work from home onto everyone, and wow, talk about a force multiplier.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#65

Kinda bummed by this news. I know a bunch of people over at Slack and I'm sure none of them are excited about being acquired. I still don't understand how salesforce has gotten so big where they can acquire $25B healthy companies which really don't fit into their eco-system.

Their sales teams have been locking in all major corporations. I have no idea how they cornered a market so fast. They are living like kings right now.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#66
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.

Wow. I had to use a Salesforce tool once, and I can confidently say that the only worse things out there are various online tax return forms and Workday.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#67
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 is what I am excited for.

I have wanted our company to move away from Slack to something w better thread discussions.

We have long resisted Salesforce because of pricing, say, compared to Pipedrive for CRM.

I am interested to see what happens with pricing and many orgs locked data.

I know we do not pay for the high uptime plan.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#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.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#69
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.

It says much more about the people saying that than anything.

Salesforce is a reasonably good operating entity, I don't see any reason for Slackers to flinch.

But consider that 'Slack' was a movement - literally the name, the original premise, there was a corporate/hip aspect to it. Which now it's not, just the opposite, because it's 'Salesforce'.

So at least in part - 'it's not cool now'.

Re: Salesforce Signs Definitive Agreement to Acquire Slack

#70
post #53
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…

>Yes, I know Chime exists. But I don't think I've ever heard of anyone using it, and Slack is still rather popular. I think even Amazon realized how awful Chime is, given that they, as a company, switched to Slack just a few months ago.

i heard this, but all my meetings with amazon folk are still on chime. plus, slack audio and video capabilities are imo sorely lacking.
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