By Rex Crum | [email protected] | Bay Area News GroupPUBLISHED: June 20, 2019 at 7:37 am | UPDATED: June 20, 2019 at 3:41 pm Slack, the San Francisco-based company behind the workplace-messaging service that has seemingly taken over how employees communicate with each other, went public Thursday in a way rarely seen on Wall Street. The work messaging service grew 49% in value after its stock started trading Thursday under the ticker “WORK.” Initial reaction to Slack going public was strong as the company’s shares climbed almost 49% above its $26 reference point to end the day at $38.70. Slack was expected to make 283 million out of approximately 599 million of its shares outstanding available for trading. Slack CEO Stewart Butterfield said the company used a direct listing instead of an IPO because it allowed Slack to bypass the process of raising additional capital from private investors, and because it wanted to maintain the value of its stock for … [Read more...] about Slack surges as it puts a new spin on ‘going public’
By Rex Crum | [email protected] | Bay Area News GroupPUBLISHED: June 13, 2019 at 6:09 am | UPDATED: June 13, 2019 at 6:09 am choked up doing some scenes for “Toy Story 4”? Of course they did…Apparently, numerous musicians and bands such as Nirvana and R.E.M. had no idea that some of their master tapes were destroyed in a Universal Studios fire in 2008…Could China beat the United States in the new race to the moon?…Call it truth in advertising, as a Florida man wearing a “COKE” shirt is arrested for selling, what else, crack cocaine. … [Read more...] about Off Topic: ‘Toy Story 4’, lost music, moon race, Florida
By Rex Crum | [email protected] | Bay Area News GroupPUBLISHED: June 12, 2019 at 5:46 am | UPDATED: June 12, 2019 at 5:46 am 2019 is the Year of Keanu Reeves, and the rest of us are just living in it…The, ahem, “musician” DJ Khaled plans to sue Billboard for not putting his latest album in the No. 1 chart spot…Did you get a chance to see Jupiter Tuesday night, when it was at its closest point to Earth this year?…Two giraffes die at a Florida wildlife park due to a “billion-to-one” lightning strike. … [Read more...] about Off Topic: Keanu’s year, DJ Khaled, Jupiter, Florida giraffes
By Rex Crum | [email protected] | Bay Area News GroupPUBLISHED: June 11, 2019 at 9:28 am | UPDATED: June 11, 2019 at 10:14 am Tesla shareholders will get a chance to hear their high prophet speak Tuesday when CEO Elon Musk takes the stage at the electric carmaker’s annual meeting, which comes as the company faces uncertainty over its vehicle deliveries and renewed investor enthusiasm on Wall Street. In addition to the standard voting procedures, Musk is expected to field questions from shareholders who likely will want some insight into Tesla’s business operations, including its production and delivery levels, and an update on the Model Y crossover SUV, which is scheduled to hit the market in 2020. Vehicle deliveries, which is how Tesla refers to unit sales, are a crucial sign of the company’s health. Many investors and analysts have been critical about Tesla’s prospects after the company reported 63,000 vehicle deliveries during the first quarter of … [Read more...] about Tesla annual meeting: What will Elon Musk say?
By Larry Magid | [email protected] | PUBLISHED: June 7, 2019 at 4:00 am | UPDATED: June 7, 2019 at 4:00 am This is a good time to start thinking about summer vacations. I’m sure you’ll remember to pack your shorts and sunscreen, but don’t forget about the tech you might need to make your trip a success. I also have a few non-tech suggestions. The first tech detour will be during the planning stage when you’ll be using online travel services to plan your lodging and travel arrangements. If you’re flying, check the big travel sites such as Expedia but also look at alternative sites, such as Kayak, which scan multiple sights for the best price. But, before you book your flight, check the airline’s site as well. They often meet and sometimes beat the prices from third-party travel sites, and by booking from the airline directly, you may get other benefits. Another advantage to booking directly from the airline is that it might be easier to deal … [Read more...] about Magid: High and low tech advice for summer vacation