![]() The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. (NYSE: WORK) isn't ranked among the 30 most popular stocks among hedge funds. Our calculations showed that Slack Technologies Inc. (NYSE: WORK) stock increased by about 3% from the previous quarter ( see the chart here), so a number of other hedge fund managers seem to agree with Slack's growth potential. ![]() In Q2 2020, the number of bullish hedge fund positions on Slack Technologies Inc. ![]() ![]() What would that do to Microsoft?"įunny Online Dating First Message Examples That Get Responses What else could such an established network or population provide, in terms of demand for additional services? Could Slack provide a spreadsheet as part of the office package in addition to the email service? Obviously, they could. If this process were to continue, as seems likely, that would concentrate a lot of people on the Slack platform. Quite a number of corporations are switching their email to Slack. The Slack business model is to charge for email and theoretically, by eliminating ads, make customers’ employees more productive by allowing them to concentrate on corporate email and related functionality, and nothing else. This is because there is a substantial cost to store those messages, to service the email accounts, transmit the email, and so on. One way or another, whether because Gmail or its commercial users read your emails or because they allow certain ads to come into or populate your Gmail account, Google generates revenues from your email usage. Nevertheless, Slack is actually selling email as a service Gmail is free. Supposedly it has more interesting features than Gmail, such as integrated group and project collaboration software, but Google can surely mimic any features on Slack. It is not small it has a $17 billion market value. It did not offer shares in an IPO, to raise money, since it doesn’t seem to need the money it just listed its shares. "A newer competitor is Slack Technologies, which last month listed on the NYSE with the ticker WORK.
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