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Transcripts For BBCNEWS Business Briefing 20240714

We start on wall street where yet another tech Company Lists its shares on the Stock Exchange later. Its been a huge year already for Technology Share sales, so much so, that some are already asking if we should be worried about another dot com bubble like the one that burst so spectacularly in 2000. So, whats happening today . Well, its the turn of messaging app slack. When its shares start trading on the new york Stock Exchange, it could value the company at around 17 billion, making its founder, stewart butterfield, the newest tech billionaire. Slack is a group chat app for businesses rather than consumers. Its used by 600,000 organisations, 95,000 of which are paying customers. But like many fledgling tech firms, its burning through cash. Last year, losses tota ....

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