Action. E will hear from senators its tradingg in debut. 38. 50,shares opened at 48 above. At 19. 5 a cap at 19. 5 capped atcap at 19. 5 billion. Investor intz is an stephen, you were at microsoft for more than two decades, which is a slack competitor. Guys k sendoff of the off the bigfend guys. Slack is generally viewed as measures. Y a bunch of i think they are in a really great position in undergoing a phenomenal amount of change in terms of the way people work. People are looking for things that integrate more software and slack does a good job doing that. In terms of mechanics, we have a lot of questions on why they chose direct listing. Do you think we got an answer . He is able to explain that the main reason they are looking to do a direct listing is they did not want to dilute shares any further all stop they have a lot of cash and feel confident they dont need to raise any more money and doing a direct listing elastic do that. It allows you to go public and not lose shares. A
Lawmakers in washington to take action. We will hear from the senator who spoke out first. Workplace messenger slack soaring in its trading debut. After forgoing the traditional ipo, the companys shares opened at 38. 50, 48 above. Point, climbed as high as 22 a share, more than double the last valuation on the private markets. It makes it one of the most Viable Companies to hit the markets this year, but will it be able to avoid the slump of uber, both trading below . Is a couple correspondence. Jason horowitz is an investor in and stephen, you were at microsoft for more than two decades, which is a slack competitor. Can slack fend off the big guys . Well, can microsoft fend off slack . Right now, the way the Industry Leaders have talked about slack, its generally viewed as a leader, certainly by a bunch of measures. I think theyre in a really great position. The industry is undergoing a phenomenal amount of change in terms of the way people work. People are looking for things that int
It travel in style on his way home, traveling through town and a fire truck. Global news 24 hours a day, powered by more than 2700 journalist and analyst in more than 120 countries. This is bloomberg. This is. Coming up, dropbox jumping into the Public Market. Can the company avoid the pitfalls of going public . Passwords ong companyowned computers. Those are some of the steps uber took to evade authorities. Have beennd twitter under scrutiny for how they deal with online harassment. Now, shareholders are speaking out. On meltdownsate inspector. Two of the exploits apply to it chips. Previously set its chips were largely unaffected. Shares are falling. Ourmore, lets get to bloomberg tech reporter. What did amy say initially and what have a set now that now what did amd say initially and what do they say now . Misled everyone to believe perhaps that it is a viable is anative and maybe this opportunity for amd. Why would they say that . That is a question i would like to hear them into.
That is more than double last years number, prompting fears violence triggered by Hurricane Maria and its aftermath. Of customers in puerto rico are still without electricity nearly four months after the storm. And a little boy shot in the Sutherland Springs Church Massacre is returning home today after more than two months in the hospital. The sixyearold was shot five times. The childs two siblings were among 26 People Killed in the attack. He was traveling in style on his way home, traveling through town in a fire truck. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, drop dropbox jumping into the Public Market. Can the company avoid the pitfalls of going public . Plus, changing passwords on passwords, locking up data on companyowned computers. Those are some of the steps uber took to evade authorities in the past. We ex
Russian bots were found to be targeting certain hashtags, including gun control now, gun reform now, and parkland shooting. It is just one way to widen the divide among u. S. Electorate on how to handle gun control, making compromise even more difficult. This has happened with past issues like that nfl anthem debate and the 16 president ial the 2016 president ial election. This ultimately led to Robert Muellers indictment of 13 russians. Facebook and twitter are doing more to expose these bots and fake accounts. Are the tech giants doing enough . We spoke to the senior policy advisor for the counter extremism project from washington. Not only did you see that russian bots come out in full force after the horrific and tragic events in florida but you , also saw the Robert Mueller indictment. Citing facebook thirtysomething times, twitter and youtube. The Tech Companies have a number of problems on their hands. The bots try to create division with divisive rhetoric and fake news conspira