Chime’s Slowdown Highlights Limits of Bank DisruptorsRead more

Briefing
enterprise cloud

Slack Shares Drop More Than 20% After Q4 Earnings

By
Kevin McLaughlin
· · Source: The Information

Shares of Slack dropped more than 20% in after-hours trading following its fiscal fourth-quarter earnings, after dropping nearly 10% in regular trading. While the workplace chat software provider is seeing a spike in usage as more people work from home during the coronavirus epidemic, CEO Stewart Butterfield said it was unclear how much of this usage would translate into paid subscribers. As a...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive enterprise Finance
Twilio, Set to Lose Supervoting Protection Next Month, Has Been Meeting With Activist
By Maria Heeter · May 30, 2023 1:43 PM PDT
Twilio CEO Jeff Lawson. Photo by Bloomberg.
Activist investor Legion Partners, which owns a stake in Twilio, has met several times with the company’s board of directors and management, urging them to make changes to the board and consider divestitures, among other moves, according to people familiar with the matter. The conversations come at a critical moment for the $11.5 billion communications software company. Its use of...
Latest Briefs
 
Ex-Coinbase Product Manager, Brother Settle SEC Insider Trading Case
By Aidan Ryan · May 30, 2023
Elon Musk Talks Tesla at Diplomatic Meeting in Beijing 
By Becky Peterson · May 30, 2023
Twitter Stopped Paying Cloud Bill Before DeSantis Glitch
By Laura Mandaro · May 29, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Microsoft's Satya Nadella, left, and Peter Lee. Photo by Bloomberg, Microsoft
Exclusive
How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
By Aaron Holmes
Satya Nadella didn’t want to hear it. Last December, Peter Lee, who oversees Microsoft’s sprawling research efforts, was briefing Nadella, Microsoft’s CEO, and his deputies about a series of tests Microsoft had conducted of GPT-4, the then-unreleased new artificial intelligence large-language model built by OpenAI.
Art by Clark Miller
The AI Age e-commerce ai
How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
By Chris Stokel-Walker
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core.
Chris Britt, co-founder and CEO of Chime.
Exclusive startups Finance
Chime’s Slowdown Highlights Limits of Bank Disruptors
By Mark Matousek and Erin Woo
Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits.
Art by Clark Miller
The Big Read markets Finance
The Master of Destruction Rides Again
By Michelle Celarier
In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood.
Art by Mike Sullivan
startups asia
Venture Capitalists Face Pressure to Divest From China
By Kate Clark
Silicon Valley venture capitalists are coming to terms with a new reality: Their once-prized China investments may be victims of a simmering cold war.
Art by Clark Miller.
Social Studies culture
The Day TikTok Went Dark in India
By Amanda Florian
On June 29, 2020, as thunderstorms swept Mumbai and daily Covid-19 cases in India surged by almost 20,000, millions of people began experiencing a flood of network errors on their mobile devices.