Perspectives on Mogul News are a curated selection of stories from the world’s leading publishers, giving you more than one side of the story on important issues that face us, and society as a whole.
In this week’s Perspective, we look at Slack and its unconventional IPO. Here’s a quick note from our editor about what’s in the Perspective this week.
Silicon Valley is obsessed with unicorns. Startups that break $1bn in value are hot property. They can come out of any industry or sector. Payments, hotels, working spaces, e-cigarettes. All have been disrupted and billion-dollar companies are constantly emerging. Sporting short and simple names that hardly give anything away, like Plaid, Rubrik or Toast, they make their founders celebrities.
Slack is the latest of these unicorns to IPO. Stewart Butterfield’s background has been mythologised and his stock, as well as his stake in Slack, is at an all-time high.
But what is it about Slack, a messaging app, that makes it worth over a billion dollars? It is ‘where work happens’ and where emails are archaic, cumbersome beasts. It could be the future of working. But it has its critics. People complain about its addictive qualities and say that it is a drain on productivity rather than a boon.
Find out how Slack’s business-facing model is better for investors, what the story behind it is, and how it exploded onto the stock exchange – only with Mogul News Perspectives.
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