First, to our top story. 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 70. 1 billion 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 existing shareholders would have been tough. We did get a little more freedom with how we tell the story. Instead of only having a ro
On the part of all parties private sector Public Sector International Organizations and the parties on the ground and their neighbors the i. M. F. Expects the Palestinian Economy to think by 1. 6 percent this year and says unemployment stands at 30 percent in the occupied west bank and 50 percent in gaza but the palestinian leadership has rejected the plan and was absent in manama it hasnt had any contact with the u. S. Administration since President Donald Trump recognized jerusalem as israels capital a Senior Palestinian official says the whole basis of economic plan is built on the wrong assumptions the most basic ones is that the arabs can deliver palestine the palestinians or that the arabs can sign on behalf of the palestinians or. The arabs will even foot the bill. But of this. Or that the palestinians will substitute freedom and dignity and selfdetermination for a fistful of dollars. People in gaza and the west bank have been protesting against it many wondered if there will be
World banking for example these are nonprofit organizations that have been put in a structure with the same governance the same authorities and the same vote as as all of the other organizations including the Largest Companies in that mix and thats just the beginning by the time the currency launches will have about 100 organizations and then this this whole ecosystem will continue to develop im going to go to your im going to say you did more good long my original question which was there was an explosion goes by that i havent pool the money if you do so so there is a thank you for bringing that up again so if the libra libra as an organization as an association is new were in the midst of setting up a charter that would be governed as i had mentioned before among very democratic process with the organizations that are a part of it and because its a reserved backed critz cryptocurrency or Digital Currency 1. 00 to 1. 00 you could envision black swan scenario in which any to. Type of c
Towards manila though it is going to be rainy with a temperature of 28. 00 now here across india the monsoon has been catching up a little bit particular up here towards the north where it is making its way towards the west but here on our forecast map on friday not seeing too much in terms of rain were going to take a little bit of a break in the rain and the temperatures though are going to be on the way up again so for new delhi expect to see attempts to 42 rising to 43 by the time we get towards saturday and then down here across much of the southwestern coast very heavy rain we have been seeing about 150. 00 to 200. 00 millimeters of rain on a daily average and that is going to continue as we go towards saturday and then here across parts of the gulf it is going to be quite warm and dry as well though here on friday at 44 and abu dhabi at 40. 1 hours the biggest step in the month cressida take a activists in seats of government we didnt want to be part of this institution and all
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. 70. 1raised money at a billion dollar valuation. Slack rightwith 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. 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 existing shareholders would have been tough. We did get a little more freedom with how we tell the story. Instead of only having a roadshow and private rooms with investors, we