Briefing
covid-19 enterprise cloud

Slack Shares Drop 20% Amid Tightening Budgets

By
Kevin McLaughlin
· · Source: The Information

Slack continues to say it is well-positioned for the shift to working from home during the Covid-19 pandemic, but some investors apparently aren’t convinced. Slack’s sales grew 49% to nearly $216 million during its July quarter compared to last year, while its net loss narrowed from $363.7 million last year to $68.6 million this quarter. Excluding items, Slack eked out a break-even quarter....

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Startups to Watch startups asia
Five Startups Vying to Be the OpenAI of China
By Juro Osawa · June 5, 2023 6:00 AM PDT
Art by Clark Miller, Shutterstock.
As OpenAI and Google battle for artificial intelligence supremacy in the West, a parallel contest is happening in China. Dozens of young Chinese startups as well as local tech giants Alibaba, Tencent and Baidu are developing machine-learning models to power chatbots similar to OpenAI’s ChatGPT. Five Chinese startups, including MiniMax and LangBoat, stand out from the startup pack when it...
Latest Briefs
 
SEC Sues Binance, CEO Changpeng Zhao for Violating Securities Laws
By Aidan Ryan · June 5, 2023
Spotify Lays Off 2% of Staff, Merges Gimlet and Parcast
By Isabelle Sarraf · June 5, 2023
Stability AI Founder Overstated Startup Strength, Report Says 
By Laura Mandaro · June 4, 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.
Art by Clark Miller.
Exclusive startups crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
By Aidan Ryan
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.
Nvidia CEO Jensen Huang. Photo by Bloomberg
semiconductors ai
Why Nvidia Aids Cloud Rivals of AWS, Google and Microsoft
By Anissa Gardizy
Nvidia’s business of selling chips for artificial intelligence is going gangbusters, but the company faces a looming problem.
Instacart CEO Fidji Simo. Photo by Getty.
Exclusive startups Finance
Growth Wanes at Instacart, Gopuff
By Cory Weinberg
Grocery upstarts Instacart and Gopuff haven’t been able to deliver two things at once this year: growth and profits.
Tim Cook. Photo by Bloomberg
Exclusive apple ar/vr
Apple’s Learning Curve: How Headset’s Design Caused Production Challenges
By Wayne Ma
If Apple unveils its long-awaited mixed-reality headset next week as expected, it will represent the company’s riskiest gamble on a new product since the iPhone.
Art by Clark Miller, Shutterstock (4)
Opinion ar/vr
Don’t Count the Metaverse Out
By Brittan Heller
The technology hype cycle would have us believe that the metaverse—so recently the darling of digital trendsetters—is on the decline, its place usurped by generative artificial intelligence.
Adam D'Angelo photograph by Ko Sasaki. Art by Clark Miller
The 1:1 ai
Adam D’Angelo’s Endless Quest to Answer Everything
By Arielle Pardes
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.