Sandberg response to the controversy in facebook two years of bad news. First, the top story, slack makes its public debut but not by the usual path. Slack makes its public debut the at a direct listing on the new york stock exchange, opening 48 above its reference price. Valuing the software messenger at more than 20 billion, a big increase from the last private valuation. They raised money at a 7. 1 billion dollar valuation. I caught up with slack right before shares began trading. At this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. The same thing will happen tomorrow and we are very much focused on the longterm. Emily you are still paying large fees to bankers. You raise a lot of money. So what problem are you really solving by doing a direct listing versus a traditional ipo . The first is there is no need to raise primary capital. We came into the process with 300 million on the balance sheet. Dilution to ex
Flax makes its public debut. Itses opening above reference price, valuing the software messenger add more than 20 million. Icon up with the cfo. At this point it has been working exactly the way it is supposed to work. We are very much focused on you are still paying large fees to bankers and you still the public on market. What problem are you solving . The first one is, no need to raise primary capital. A little bit more freedom in how we tell the story. Instead of only having a roadshow, we were able to do an investor day, livestream it and make the video available to everyone. Emily black is still profitable. Our primary focus is to invest in growth. This is the drive toward the national breakeven. We can still invest very aggressively. Emily how much of a priority is profitability . I dont want to get technical but there are a lot of deferred revenues. In outside investors is great because it allows us to control our own destiny. We try to find new ways to continue to invest. We d
Youtube kids, a problem. The vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seeing weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. The huawei founder expects to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and development spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying theres a dropoff because people dont know what will happen
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Sheriffs deputies in antioch and the neighbor of gentry town and putnam. So anyone who sees anything suspicious or sees people hiding or lurking about are asked to call police immediately while sheltering in place. This all comes on the same day that the antioch mayor is praising that Community Response team for helping people in crisis, while freeing up officers, this has been a godsend because this has helped alleviate the Police Department from certain. 911 calls antioch mayor Lamar Hernandez thorpe, marking a year since a crisis Response Team hit the streets to help those in mental distress, freeing up police for more urgent calls. The Angelo Quinto Community Response team handles about 500 calls a month. Its named after a man who died in Antioch Police custody. We havent had an incustody death since we launched this, and so thats a mark of success for me. The fact that we can take 500 calls off of the polices shoulders, thats success to me. Im ready. On monday, the mayor tagged al