Topic: How To Invest

Power Growth Investor Hotline – Friday, November 27, 2020

Article Excerpt

SLACK TECHNOLOGIES INC., $40.67, is a buy for aggressive investors. The tech company (symbol WORK on New York) provides firms with an online platform to help their teams of workers communicate through chat and direct messaging. The primary function of that software is to replace the use of email inside an organization. Unlike email, most the activity on the Slack platform happens in team-based “channels,” rather than in individual inboxes. Slack’s shares jumped 37% this week. The stock shot up after The Wall Street Journal reported that the company has held talks to be acquired by Salesforce.com (symbol CRM on New York). Salesforce is a leading provider of on-demand customer relationship management (CRM) services. Its cloud-based software lets users manage and share information regarding sales, customer service and support, marketing operations, and data analytics. The company’s current offerings are missing collaboration/teamwork capabilities. As well, Slack has a wide following among fast-growing start-up companies. That would let Salesforce expand beyond its core client base of…

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