17 November 2024

Howe Street Reporter Title

Tag: Slack

  • Slack’s (WORK.NYSE) sad performance and the scourge of Silicon Valley

    Slack’s (WORK.NYSE) sad performance and the scourge of Silicon Valley

    When Slack (WORK) listed on the NYSE this year, it was the first tech unicorn to grace American markets through a direct listing rather than the traditional Initial Public Offering (IPO). This historic event came on the heels of a growing dissatisfaction in Silicon Valley over Wall Street’s preferred path to public trading. In fact,…

  • Direct Listings vs IPOs

    Direct Listings vs IPOs

    Technology companies like Slack (WORK.Q) and Lyft (LYFT.Q) have one thing in common: their affinity to make losses. But before Lyft fooled the retail investor, it fooled a bigger player: the buyer of its pre-IPO stock. The same isn’t true of Slack which opted for a direct listing instead. Now, you may be asking yourself,…