Slack has passed 10 million daily active users, the messaging startup announced Tuesday . That’s an impressive milestone, but the number alone doesn’t illuminate how the business is performing as it prepares to potentially go public this year. Some users who don’t use the service regularly for work are unlikely to convert to paying customers. The more important metric for public investors is...
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The Briefing Enterprise Markets
Twitter’s New CEO Gets Thumbs-Down From Wall Street
It seems Jack Dorsey’s abrupt departure as CEO of Twitter was welcome news to the company’s long-suffering shareholders—until it wasn’t. A 10% uplift in Twitter shares that was triggered by the initial headline evaporated shortly after Twitter identified his successor as Chief Technology Officer Parag Agrawal. Talk about going from the devil you know to the one you don’t! Twitter shares ended...
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Clearlake Capital Group Acquiring Quest Software for $5.4 Billion
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