Category: SaaS
Slack introduces simplified interface as usage moves deeper into companies
When Slack first launched in 2013, the product was quickly embraced by developers, and the early product reflected that. To get at advanced tools, you used a slash (/) command, but the company recognizes that as it moves deeper into the enterprise, it needed to simplify the interface. Today, the…
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Stocks gain as governments around the world pledge to prop up the global economy
In a volatile trading session that saw the White House signal intentions to release the largest stimulus package since the great recession of 2008, American stocks made up for yesterday’s losses with major indices rising sharply. The return to gains was welcome after stocks posted huge losses to begin the…
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The good SaaS times will end and challenges are coming
Ed Byrne Contributor Ed Byrne is an entrepreneur, investor and co-founder of Scaleworks. More posts by this contributor Working backwards to uncover key success factors Netflix is still too cheap We’ve had a great decade-long run in SaaS — abundant capital, a thriving economy and a massive existing market shift…
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Stocks dive on Dow’s worst day since 1987, tech crashes, and Bitcoin is no haven
Well, that was terrible. During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the stock market crash in 1987 (when markets were sufficiently scarred to institute failsafe measures for the future, to prevent…
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Slack shares plummet 20% after its growth forecast fails to excite investors
Today after the bell, Slack, a popular workplace communication product, reported its FQ4 2020 earnings, the three-month period ending January 31 2020. The company’s results came in ahead of expectations. However, its shares have rapidly lost altitude in the wake of its news. In the fourth quarter, Slack’s revenue rose…
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Stocks fall again, pushing deeper into bear territory as SaaS reaches 1 year lows
American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier today. All major American indices are now in bear-market territory, having shed the requisite 20% from recent highs. Today’s carnage is…
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